Is India really turning out into a powerhouse?

Recently the prestigious(so called) Time magazine has a cover story on the present Indian boom.
Many who read it may consider India as the next emerging economy.Though it is true theoritically, its not the case practically.Just look at the following facts.

• A recent World Bank report showed that 80% of the Indian people live below the $2 dollar mark per day
• India has got one of the world's largest poor class and the middle class
• Investment in education is less than 3%.
• Inflation is at 4 - 5%(though it is acceptable)
• Unemployment rate - 9.2%(excluding disguised unemployment and seasonal unemployment)
• 25% of the people live below the poverty line
• Public debt - 59.7%
• Current account deficit - $4.897bn
• External debt - $117.2 bn

The facts are based on the recent CIA and World Bank report
Though the problems of public debt and current account deficit may be handled with the following complexities make the situation worse

• Transnational issues
• Increasing oil bill
• Corruption
• Diverse environment
• Little investment on infrastructure
• Quota restrictions

The list goes on.
For India to become a powerhouse the above problems need to be addressed.But nobody seems to care so.Politicians are motivated by alliance arithmetic and vote banks.
For India to become a developed nation is just a dream that can be achieved only by a hardcore dealer who functions for the betterment of the nation than the betterment of the people(ethnic groups).

Internet usage in India

India is seemed as a booming IT market with IT exports expected to grow by around 30%. Still India's internet penetration seems to be low. It is found that only 5% of the Indians have access to the Internet on an average.Plus it is confined to only the metros and hitech cities.The rural and semiurban areas are still to be explored. Also, internet trade and online banking in India is very low when compared to other countries. Most of the internet users don't know google which is shocking.The quality of Indian websites are also not on par with their internationals barring a few.The Government has come up with the NIC website but still a lot is to be done.
Internet education is still in the infancy stage in India and a lot has to be done to make people enlightened.
After all, our people consider a television more important than computers.
Some top Indian sites to visit though they offer nothing by way of intellect except a few

http://www.rediff.com - General
http://www.sify.com - General
http://www.nic.com - About india
http://www.ndtv.com - News
http://www.eci.gov.in - Election