Bollywood to Dalal Street
It has been 63 years since India declared it’s independence from Britain – big thanks to Mahatma Ghandi. One of every six people on the planet lives in India.
It hasn’t been an easy road for the country. The caste system still exists, although not outwardly. Religious violence continues. 80% of the nation is Hindu and 20% is Muslim. The two religions have been fighting for over 800 years and won’t be coming to the peace table anytime soon.
In spite of it’s problems, India has emerged as the fourth largest economy in the world. From the 1950s to the 1980s, India followed socialist-inspired policies which shackled the economy with extensive regulation, protectionism, and public ownership, which lead to pervasive corruption and slow economic growth. In 1991 the country moved towards a free-market economy and now enjoys an average growth rate of 7.5%.
Things must be looking good for India’s future because George Soros now owns 12% of the Indian stock exchange. Also, Soros’ former Quantum Fund partner, Jim Rogers, has recently been bullish on India.
On the entertainment side of the economy, Hollywood, in the past few years, has been looking to Bollywood for future projects. Meryl Streep is set to sign on with Bollywood director R. Balki to play opposite India’s great actor, Amitabh Bachchan. A romantic comedy of east meets west should do well on both sides of the globe. Of course it doesn’t hurt to have two actors who are not only talented but are good looking to boot!
What a voice! Amitabh Bachchan – India Poised: