Akshara, a wooden theatre about a kilo meter north of parliament house in Delhi served as a makeshift studio for our first broadcast. The anchors sat at a table on-stage, the cameras were positioned in the galleries. There were miles of cables on the floor between, the landlord had made it clear that we couldn't use a single nail or drill into the floor or the walls.
We were a team of less than 50, and used a team of men on scooters and cycles to carry tapes to the uplink station at VSNL. Everything you saw then was delayed 15 minutes, except the stock tickers that were slapped on live at the CNBC Asia studios in Singapore.
Today, we are a team of over a 1000, we broad cast over 18 hours of original programming a day, most of which we uplink LIVE. Our studios are state of the art; the occasional cable is still visible though.
But that change is nothing when you compare it to what we've seen happen in India in the 15 years we have been on air. The numbers that measure the change are staggering:
The Nifty was at about 850, today it's touched 8600. India's market cap was about Rs Seven lakh crore, today it is over Rs 100 lakh crore. That numbers tell the tale of the creation of wealth on a scale the country has never seen before. And when it has acted wisely the government has been among its biggest beneficiaries. Maruti stands out as an example, in 2003 on the day of the companies IPO the government's 45% share was worth Rs 1800 crore, four years later it sold its last remaining 10 percent for Rs 2400 crore.
As one wise man put, we truly are a rich country filled with more than our share of poor people. We are confident though that the next fifteen years will see us report on the creation of remarkable wealth and it's distribution. The story is still in its early chapters.
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