The New India

Well, here is an eye-opening article. For the people outside India, at current forex rate, 1 crore Indian Rupees is roughly equivalent to USD $250,783 (see at today's rate here). That's a lot of money, in any country. People are no longer hesitant to talk in millions of dollars.

With rupee appreciating the way it has been, it is hurting the indian economy. Though, these people may be justified in asking for huge sums of money, the gap is widening fast. Quoting above article, 

Noted economist Y K Alagh puts it in perspective when he says, “It’s the hype that counts. This is definitely a post liberalisation phenomena. But the stark difference between the haves and have nots is worrisome. Thousands of people are getting crores and crores of people are only getting thousands. That’s the irony.”

This is definitely a big warning. It is irony that huge population of India (~ 25% or 287 million people or roughly equal to population of USA) still lives on less than a dollar a day.