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		<title>Explained: If you count Musk&#8217;s one trillion dollars, it will take 31,700 years, the world will eat enough for 60 years, Indians will get 60000</title>
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		<pubDate>Fri, 12 Jun 2026 18:04:59 +0000</pubDate>
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					<description><![CDATA[<p>There is a number- 1,000,000,000,000. It takes 12 zeros. Such a big number that just...</p>
<p>The post <a href="https://fastnewsglobe.com/explained-if-you-count-musks-one-trillion-dollars-it-will-take-31700-years-the-world-will-eat-enough-for-60-years-indians-will-get-60000/">Explained: If you count Musk&#8217;s one trillion dollars, it will take 31,700 years, the world will eat enough for 60 years, Indians will get 60000</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;">There is a number- 1,000,000,000,000. It takes 12 zeros. Such a big number that just looking at it makes the mind spin. And now for the first time in the world a person has so much wealth. Yes, Elon Musk has become the world&#8217;s first trillionaire. On June 12, 2026, the IPO of his company SpaceX was listed in the stock market. After this, Musk&#8217;s total wealth has crossed 1.1 trillion dollars (about Rs 95.10 lakh crore), but it is not just a matter of money. This is the largest wealth in history and has started a new debate on the difference between wealth and poverty in the world. <em><strong>After all, how was this mountain of money created and what is it possible to buy with it&#8230;</strong></em></p>
<p style="text-align: justify;"><strong>How big is &#8216;trillion&#8217;?  </strong></p>
<p style="text-align: justify;">First of all let us understand what 1 trillion means. One trillion means even if Musk spends 1 million dollars every day, it will take 2,740 years for this money to be exhausted. If you count one dollar every second, it would take 31,700 years to count one trillion dollars.</p>
<p style="text-align: justify;">Another way is that if you spend Rs 1 crore every day, it will take you more than 27,000 years to spend 1 trillion dollars. According to Al Jazeera&#8217;s report, even if Musk starts spending 1 million dollars every day, it will take 2,740 years for all this money to be exhausted. That means this money is so big that it is beyond our imagination to understand it.</p>
<p style="text-align: justify;"><strong>How did SpaceX&#8217;s IPO make Musk a trillionaire?  </strong></p>
<p style="text-align: justify;">Musk was already the richest person in the world. His total wealth in the Bloomberg Billionaires Index was about $696 billion. But the real blast happened on June 12, 2026 when SpaceX listed itself on the Nasdaq Stock Exchange.</p>
<p style="text-align: justify;">The company sold approximately 555.6 million shares, each of which was priced at $135. This made the total value of SpaceX $1.77 trillion. This is the biggest IPO in history so far. Now Musk has about 42 percent stake in SpaceX. The value of his stake ranges from 743 billion to 866.5 billion dollars.</p>
<p style="text-align: justify;">According to Reuters and Forbes estimates, Musk&#8217;s net worth, including Tesla and other businesses, has exceeded $ 1.1 trillion. He officially became the world&#8217;s first trillionaire even before the markets closed. This wealth is on paper, meaning it is not locked in cash but in the shares of their companies, but its size is so large that the world is left watching.</p>
<p style="text-align: justify;"><strong>What can be bought with this much wealth?</strong></p>
<p style="text-align: justify;">To understand this amount, let us look at some examples of what is possible to buy with 1 trillion dollars:</p>
<ul>
<li style="text-align: justify;"><strong>Whole cities and countries:</strong> For $1 trillion, you can buy the entire annual economy of Taiwan (whose economy is $977 billion) or developed countries like Sweden and Belgium.</li>
<li style="text-align: justify;"><strong>World&#8217;s top companies:</strong> With this one penny you can buy America&#8217;s oil giants ExMobil, Chevron and Conoco Phillips along with Toyota, Volkswagen, Ford and GM all together. Still, billions of dollars will be saved.</li>
<li style="text-align: justify;"><strong>All houses in Hawaii:</strong> According to CNN, for $1 trillion you could buy every house in the entire Hawaiian Islands.</li>
<li style="text-align: justify;"><strong>333 skyscrapers: </strong>You can build 333 supertall skyscrapers at a cost of $3 billion per building.</li>
<li style="text-align: justify;"><strong>Complete Coca-Cola: </strong>You can buy a big company like Coca-Cola and then give one Coca-Cola to every person in the world.</li>
<li style="text-align: justify;"><strong>Rs 60,000 to every Indian:</strong> If you distribute this amount among the population of India, then every Indian will get about Rs 60,000.</li>
</ul>
<p style="text-align: justify;"><strong>Musk&#8217;s wealth is more than the GDP of which countries?  </strong></p>
<p style="text-align: justify;">Now let us compare this amount with the economy (GDP) of the entire country. According to IMF, only 20 countries in the world have an economy larger than $1.1 trillion. The entire annual income of more than 175 other countries is less than Musk&#8217;s private property.</p>
<ul>
<li style="text-align: justify;">Musk&#8217;s wealth is about one-fourth of India&#8217;s GDP ($4.15 trillion).</li>
<li style="text-align: justify;">This is 2.5 times more than Pakistan&#8217;s GDP (about 400 billion dollars).</li>
<li style="text-align: justify;">This is more than Taiwan&#8217;s GDP (about 977 billion dollars).</li>
<li style="text-align: justify;">This is bigger than the GDP of dozens of countries like Vietnam, Portugal, Greece and New Zealand.</li>
</ul>
<p style="text-align: justify;">That means, if Musk wants to establish a new country with his wealth, then it will be included in the top 20 rich countries of the world.</p>
<p style="text-align: justify;"><strong>Where does Musk compare among the richest people in history?  </strong></p>
<p style="text-align: justify;">Only a few people in history have become so rich, but Musk has left everyone behind. According to Al Jazeera, Musk is far ahead of the biggest billionaires in American history. His wealth is equal to 3 percent of the US GDP at that time. Look at it from this perspective:</p>
<ul>
<li style="text-align: justify;"><strong>John Jacob Astor (1848):</strong> 20-30 million dollars, which was 1 percent of American GDP at that time.</li>
<li style="text-align: justify;"><strong>Andrew Carnegie (1919):</strong> 380 million dollars, which was equal to 0.5 percent of GDP.</li>
<li style="text-align: justify;"><strong>John D. Rockefeller (1937):</strong> 1.4 billion dollars, which was equal to 1.5 percent of GDP.</li>
<li style="text-align: justify;"><strong>Elon Musk (2026):</strong> 1.1 trillion dollars, which is about 3 percent of US GDP.</li>
</ul>
<p style="text-align: justify;">Historian Guido Alfani says that if wealth is compared on the basis of &#8216;how many people&#8217;s hard work can be bought&#8217;, then Musk has left everyone behind. In 2025, Musk could buy the labor of 557,800 people, while Rockefeller could buy the labor of 116,000 people in 1937 and Carnegie could buy the labor of 48,000 people in 1901.</p>
<p style="text-align: justify;">According to the World Food Program of the United Nations, 318 million people worldwide are facing severe hunger in 2026, which is double than in 2019. The estimated cost of feeding 11 crore people in 2026 is $13 billion. With $1 trillion, you can run the WFP budget for about 60 years. That means we can feed the hungry people of the world by 2060.</p>
<p style="text-align: justify;"><strong>Why the uproar over Musk&#8217;s wealth?</strong></p>
<p style="text-align: justify;">Such huge wealth has sparked debate across the world. International anti-poverty organization Oxfam has given the sharpest reaction on this. He says that accumulation of so much wealth in the hands of one person is &#8216;a dark day for democracy&#8217;. Musk&#8217;s wealth alone is more than the total wealth of the poorest 46 percent of the world&#8217;s people.  If a 10 percent tax is imposed on Musk&#8217;s wealth, then poverty across the world can be eliminated for one year with that money.</p>
<p style="text-align: justify;"><strong>Is this wealth real cash?  </strong></p>
<p style="text-align: justify;">An important thing is that Musk&#8217;s wealth of $ 1.1 trillion is mostly on paper. This is not cash lying in their bank account. This is the value of the shares of SpaceX and Tesla held by him. If he wants to sell all these shares at once, the stock market will fall and he will not get the full price.</p>
<p style="text-align: justify;">This wealth is so big that with it he can take as much loan as he wants from any big bank of the world and buy anything of his choice.</p>
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<p><a href="https://www.abplive.com/business/elon-musk-become-world-first-trillionaire-spacex-tesla-ipo-america-india-gdp-how-big-is-amount-explained-3144229" target="_blank" rel="noopener">Source link </a></p>
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		<title>Why the country could not reach the target of $5 trillion GDP, who broke India&#8217;s dream? understand the reason</title>
		<link>https://fastnewsglobe.com/why-the-country-could-not-reach-the-target-of-5-trillion-gdp-who-broke-indias-dream-understand-the-reason/</link>
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		<pubDate>Wed, 10 Jun 2026 15:49:44 +0000</pubDate>
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<p>The post <a href="https://fastnewsglobe.com/why-the-country-could-not-reach-the-target-of-5-trillion-gdp-who-broke-indias-dream-understand-the-reason/">Why the country could not reach the target of $5 trillion GDP, who broke India&#8217;s dream? understand the reason</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<li property="itemListElement" data-text="भारत 2028-29 तक यह 5 ट्रिलियन डॉलर का लक्ष्य हासिल कर सकता है.">India can achieve this target of 5 trillion dollars by 2028-29.</li>
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<p style="text-align: justify;"><strong>India 5 Trillion Dollar GDP Target:</strong> The Indian government had set an ambitious target of becoming a 5 trillion dollar (5 trillion dollar) economy by the financial year 2024-25, which has not been achieved.</p>
<p style="text-align: justify;">According to the current data of the year 2026, India&#8217;s economy is currently at the level of about 4.15 trillion dollars. That means India is about $850 billion behind its set target. The surprising thing is that India&#8217;s GDP in the year 2025-26 is almost double to Rs 346 lakh crore from Rs 189 lakh crore in 2018-19. Still, where are the difficulties in achieving the targets set in the BJP&#8217;s manifesto in 2019? Let us know. </p>
<h3 style="text-align: justify;">Why are dreams breaking?</h3>
<p style="text-align: justify;">The GDP target is measured in US dollars. In 2019, when the target was set to increase GDP to 5 trillion dollars by 2024-25, the rupee was around 70 against the dollar. That means one American dollar was equal to 70 rupees. Now this rupee has fallen to a historic low of 95.63 against the dollar.</p>
<p style="text-align: justify;">Despite the strong economy at the domestic level, the size of India&#8217;s GDP in dollar terms becomes small. In the year 2020, during the Corona epidemic, India&#8217;s GDP growth rate dropped to -5.8%. Due to the global pandemic, the economy suffered so much damage in the two years 2020 and 2021 that it took a long time to recover from it. </p>
<h3 style="text-align: justify;">Skyrocketing prices of crude oil</h3>
<p style="text-align: justify;">Due to the war between Iran and America, tension in West Asia and the resulting stoppage of energy supply through the Strait of Hormuz, the price of Brent crude oil has crossed the range of $ 100 per barrel. Since India imports more than 80% of its oil requirement from other countries. In such a situation, due to the cost of crude oil, expenditure on imports increases compared to before, foreign exchange reserves decrease rapidly, due to which the current account deficit increases. Overall, the pressure on the rupee increases and its value against the dollar decreases. </p>
<h3 style="text-align: justify;">slow pace of export</h3>
<p style="text-align: justify;">Due to the war between Russia and Ukraine and tension in the Middle East, the economy of the whole world is slowing down. Due to decreased global demand, India&#8217;s merchandise exports did not grow as expected, due to which the manufacturing sector is also facing difficulties in achieving growth. </p>
<h3 style="text-align: justify;">When will India&#8217;s economy cross 5 trillion dollars? </h3>
<p style="text-align: justify;">It depends on both growth and exchange. At present, India remains one of the fastest growing major economies in the world with an annual growth rate of 6.5%-6.6%. According to the estimates made by SBI Research and the Chief Economic Advisor, if the rupee remains stable at the level of 95 dollars, then India can easily achieve this milestone of 5 trillion dollars by the financial year 2028-29 or 2029-30. </p>
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<p style="text-align: justify;"><strong>Also read:</strong></p>
<p class="abp-article-title"><strong>EU Ban: Friendship with Russia proved costly! European Union imposed strict restrictions on India-China companies </strong></p>
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<p><a href="https://www.abplive.com/business/india-5-trillion-dollar-gdp-target-could-not-touched-target-set-by-bjp-in-its-2019-poll-manifesto-know-the-reason-3143004" target="_blank" rel="noopener">Source link </a></p>
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		<title>Fear of global recession ineffective, India&#8217;s GDP will grow at a pace of 7.7% in the current financial year</title>
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		<pubDate>Fri, 05 Jun 2026 13:41:22 +0000</pubDate>
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<p style="text-align: justify;"><strong>India GDP Growth:</strong> India&#8217;s economy was continuously wavering due to the ongoing war between Iran and the US. Meanwhile, now there are reports that its pace has strengthened and increased in the financial year 2025-26. According to the preliminary data disclosed by the government, the country&#8217;s real GDP has registered a growth of 7.7 percent, which is 7.1% higher than the previous financial year.</p>
<p style="text-align: justify;">This data has been released by the Ministry of Statistics and Program Implementation (MoSPI) on Friday itself. According to these data, the Indian economy has grown at the rate of 7.8% in the quarter of January-March 2026. This shows that economic activity remained strong even in the last three months of the financial year.</p>
<p style="text-align: justify;"><strong>Also read: Big news on 8th Pay Commission, demand for pension equal to 70% at the age of 65 &#8211; 100% of salary at 90 years</strong></p>
<p style="text-align: justify;">This increase in India&#8217;s GDP has happened at a time when the economy is shaken across the world, geopolitical tensions and crude oil prices have increased, due to which continuous challenges are also emerging.</p>
<p style="text-align: justify;">Real GDP measured on the basis of constant (2022-23) prices is estimated to increase to Rs 323.12 lakh crore in the financial year 2025-26, which was Rs 299.89 lakh crore a year ago i.e. in the financial year 2025. At the same time, nominal GDP, which also includes the effect of inflation, increased by 8.9% to Rs 346.36 lakh crore in the financial year 2026. In the last financial year it was Rs 318.07 lakh crore.</p>
<p style="text-align: justify;"><strong>Also read: Layoffs again in Google! Cloud and top cyber security team employees laid off, what is the reason?</strong></p>
<p style="text-align: justify;">According to the government, these estimates have been prepared on the basis of many important economic indicators. These include data related to industrial production, GST collection, results of companies, vehicle sales, freight transportation, use of telecom services, banking activities, tax collection and trade.</p>
<p style="text-align: justify;"><strong>What did the ministry say?</strong><br />MoSPI Ministry said that while preparing the new estimates, the latest data of the fourth quarter (January-March) of the financial year 2025-26 as well as the revised data of earlier quarters have also been included. The ministry also said that a new series of Index of Industrial Production (IIP) and Wholesale Price Index (WPI) will be used in the GDP data released in future, the base year of which will be 2022-23.</p>
<p style="text-align: justify;">Apart from this, the GDP data for the first quarter of the financial year 2026-27 i.e. April-June 2026 will be released on 31 August 2026.</p>
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		<title>Hormuz Strait: If Hormuz remains closed for 2 more months, there will be an outcry, know who is most at risk?</title>
		<link>https://fastnewsglobe.com/hormuz-strait-if-hormuz-remains-closed-for-2-more-months-there-will-be-an-outcry-know-who-is-most-at-risk/</link>
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		<pubDate>Mon, 11 May 2026 08:52:27 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Bangladesh]]></category>
		<category><![CDATA[Business news]]></category>
		<category><![CDATA[China energy crisis]]></category>
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		<category><![CDATA[Effect of closure of Hormuz]]></category>
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		<category><![CDATA[Hormuz Closure Impact]]></category>
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					<description><![CDATA[<p>Show Quick Read Key points generated by AI, verified by newsroom Hormuz waterway closed due...</p>
<p>The post <a href="https://fastnewsglobe.com/hormuz-strait-if-hormuz-remains-closed-for-2-more-months-there-will-be-an-outcry-know-who-is-most-at-risk/">Hormuz Strait: If Hormuz remains closed for 2 more months, there will be an outcry, know who is most at risk?</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p> <span>Show Quick Read</span> </p>
<p>Key points generated by AI, verified by newsroom</p>
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<li property="itemListElement" data-text="ईरान-अमेरिका तनाव से होर्मुज जलमार्ग बंद, तेल भंडार में भारी गिरावट.">Hormuz waterway closed due to Iran-America tension, huge decline in oil reserves.</li>
<li property="itemListElement" data-text="वैश्विक तेल भंडार 8 साल के निम्नतम स्तर पर, आपूर्ति में कमी.">Global oil reserves at lowest level in 8 years, supply short.</li>
<li property="itemListElement" data-text="भारत, चीन, जापान, दक्षिण कोरिया ऊर्जा आयात पर गंभीर खतरे में.">India, China, Japan, South Korea are in serious danger of energy imports.</li>
<li property="itemListElement" data-text="विशेषज्ञों ने चेताया, तेल की कीमतों में भारी वृद्धि संभव.">Experts warn, huge increase in oil prices possible.</li>
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<p class="heading" style="text-align: justify;"><strong>Strait of Hormuz: </strong>The American and Israeli attacks on Iran and Tehran&#8217;s blockade of the Strait of Hormuz in response have created problems for the entire world. The situation is that global oil reserves have reached the lowest level in 8 years.</p>
<p class="heading" style="text-align: justify;">According to a recent report by Goldman Sachs, where the world had 105 days of oil stock in February, it has now come down to 101 days. It is expected to fall for 98 days by the end of May. </p>
<h3 class="heading" style="text-align: justify;">Oil reserves are decreasing rapidly</h3>
<p style="text-align: justify;">Since the end of February, that is, since the war in Iran started, more than 100 crore (1 billion) barrels of oil have been used from reserves around the world. At present, there is a shortage of 10-13 million barrels of oil every day at the global level. As far as India is concerned, at present only 3.37 million tonnes of crude oil is left in the country&#8217;s Strategic Petroleum Reserve (SPR).</p>
<p style="text-align: justify;">The sharp decline in inventory has worried both the government and the energy market. Due to closure of Hormuz for almost two months, supply of more than one billion barrels has been damaged so far. Now if it remains closed for a few more days, the situation may go from bad to worse. Let us tell you that Hormuz is a very important &#8216;check point&#8217; of the world, through which about 20 percent of the global oil trade and 20 percent of the LNG passes. </p>
<h3 style="text-align: justify;">Experts gave warning </h3>
<p style="text-align: justify;">According to a Bloomberg report, experts and international agencies like IEA and IMF have given serious warnings. They say that if Hormuz remains closed till September, crude oil prices may reach $167 to $200 per barrel.</p>
<p style="text-align: justify;">Due to energy shortage and rising prices, the world&#8217;s GDP may suffer a loss of more than Rs 3.5 lakh crore. This may also cause food crisis in the coming 6-7 months because gas is used in making fertilizer. Apart from this, the prices of ship insurance and freight transportation can also increase exponentially. </p>
<p style="text-align: justify;">JPMorgan has also warned that if Hormuz remains closed further, the OECD inventory could reach &#8216;operational stress level&#8217; as early as next month and is expected to fall to &#8216;operational minimum&#8217; level by September.</p>
<h3 class="heading" style="text-align: justify;">Which countries are most at risk? </h3>
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<li class="heading" style="text-align: justify;">India imports 88 percent of its oil and 80 percent of LPG requirement. Due to stoppage of supply, there is a danger of severe shortage of fuel in India and increase in inflation. </li>
<li class="heading" style="text-align: justify;">China, Japan and South Korea are also completely dependent on the Gulf countries for their energy needs. The energy security of countries like Japan and South Korea directly depends on this route of Hormuz. </li>
<li class="heading" style="text-align: justify;">Bangladesh and Pakistan are also not free from danger. There are already long queues at petrol pumps here. Amidst the severe shortage of fuel, these countries are facing difficulties in producing electricity. In such a situation, there is a possibility of industrial production coming to a halt.</li>
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<p style="text-align: justify;"><iframe title="Middle East Crisis:  दुनिया का 20% Oil रुका –Stock Market, महंगाई और India पर क्या असर? | Paisa Live" width="640" height="360" src="https://www.youtube.com/embed/hEWXZOO-Us4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p class="heading" style="text-align: justify;"><strong>Also read:</strong></p>
<p class="abp-article-title" style="text-align: justify;"><strong>Petrol-Diesel Price: Are the prices of petrol-diesel going to increase? PM Modi&#8217;s appeal gave a signal! Said- touching the sky&#8230; </strong></p>
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<p><a href="https://www.abplive.com/business/hormuz-strait-closure-impact-on-countries-like-india-china-bangladesh-japan-iran-us-conflict-crude-supply-crisis-3128023" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/hormuz-strait-if-hormuz-remains-closed-for-2-more-months-there-will-be-an-outcry-know-who-is-most-at-risk/">Hormuz Strait: If Hormuz remains closed for 2 more months, there will be an outcry, know who is most at risk?</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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