Dear MEL
Topic Readers,
India's
richest man offers free 4G to one billion people
It seems
that India is becoming a source of new initiatives. The most cost effective
alternative solutions have been provided in automobiles, heart and eye surgeries,
and tablets and smartphones in order to create and meet the demands of the
so-called bottom-of-the-pyramid population. Yes. While the country’s GDP as a
whole is ranked seventh, the per capita GDP ranks below 140th in the
world, which means there a lot of people who can’t afford to get the things and
services that are enjoyed in other developed countries, including its
arch-rival China.
This
time, one of the richest persons in the country initiated a break-through
Internet service that can be enjoyed by those who haven’t gotten any, little or
slow connection to the Internet. As the price is too low, none till the end of
the year, competitors are left no choice but to slash the prices or upgrade the
services.
Enjoy
reading and thinking if this new initiative is more philanthropic than
economic.
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