When these Developed esteem Economies were facing a Dire situation ( yeah baby m talking about "THE RECESSION" ) our great Mother India was making Big Bucks not only for the public but also for our "HONEST" politicos.Some of the popular name that were in limelight were ( Mr.Kalmadi and Mr.Raja ) made a killing out of common man`s hard earned income.A fun fact here " The total toll of scam that happened in 2010 is enough to run entire African Continent for a decade ".On one hand where the 2G spectrum scam was pegged at Rs. 1.76 lakh crore , the Corruption Wealth Scam ( Common wealth ) looted India for Rs.70000 Crore.Did you know Indian Economy Model is now formally included in syllabus of many Top Business Schools and Economic Forums.
I wonder if all that money had been invested into right cause say as an Injection into our economy , the multiplier effect would have given us enough Dough ( MONEY ) with a total of more than Rs 3 lakh crore ( approx ) that we just lost to these scamsters our great nation is still making more money then ever , we are getting International Deals , Global recognition and what not ......ICING on the cake even the most powerful man on earth ( USA President ) is asking us to make "JOBS" for his country.
I don`t think any nation would now have an audacity to call us a 3rd World Economy.