# Rise of India’s New Billionaires

Since the last 3 years, there has been a sharp rise in the billionaires list in India. Among them, Flipkart stole most of the news headlines with its billion dollar funding last year.

During the span of 3 years Flipkart grew from $.85 billion Company to $10 billion. The traditional IT sector took a leap of 40 percent whereas Stock Market rose to 20 percent.

According to the data revealed by Ruchir Sharma, Head of Emerging Markets and global macro at Morgan Stanley Investment Management, the year 2014 saw the rise of 120 tech billionaires.

# Global Recession in 2015

These days the most talked about news is the current financial crisis that has engulfed the world economy. Every day the main headline of all newspapers is about our falling share markets, decreasing industrial growth and the overall negative mood of the economy.

Analyst believe that hopes of healthy growth and further reforms are likely to propel markets in 2015 but the key thing to watch will be global liquidity, which is the most significant factor for Indian stocks.

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