India booms ?
Guys, It's been quite sometime since I blogged anything. Work pressure kept me tied down for the last one month or so. Now I'm back.
I came across an article by P. Sainath(Magsaysay award winning journalist)about India's perceived economical growth. Well, India is booming. The Stock markets are rocketing, IT is a super success story, Manufacturing going great guns, Indian companies acquiring much bigger global companies. Whatever news channel you watch or whatever magazines you flip over you come across such success stories that fills your heart with pride. But when the clouds of pride melt away you see the real picture. India was ranked 94th on Global Hunger Index out of 114 countries. This means India manages it's hunger very badly and thats true. I read sometime ago that people were starving to death in Orissa while food grains were rotting away in Food Corporation of India's go downs. And I saw no one from the government uttering a single word about this. Just think of what happened when the BSE SENSEX crashed. The Finance Minister came out with all kinds of assurances that India's growth story is intact and there is nothing to worry. And see how many share market investors are there? half a million or a million. Anyway there are millions starving away and nothing is being done about it.
What we see by India's growth is consolidation of wealth and not distribution. There is no trickle down effect as far I see. Yes you can't demand wealth has to be distributed uniformly in a democratic nation. But the government's apathy towards the downtrodden is criminal. I wonder what would be the picture 5 years down the line. A country of a few super rich people and a marginalized majority?. The challenge before the law makers is how to bring social equality. And I hope this time they don't fail us
I came across an article by P. Sainath(Magsaysay award winning journalist)about India's perceived economical growth. Well, India is booming. The Stock markets are rocketing, IT is a super success story, Manufacturing going great guns, Indian companies acquiring much bigger global companies. Whatever news channel you watch or whatever magazines you flip over you come across such success stories that fills your heart with pride. But when the clouds of pride melt away you see the real picture. India was ranked 94th on Global Hunger Index out of 114 countries. This means India manages it's hunger very badly and thats true. I read sometime ago that people were starving to death in Orissa while food grains were rotting away in Food Corporation of India's go downs. And I saw no one from the government uttering a single word about this. Just think of what happened when the BSE SENSEX crashed. The Finance Minister came out with all kinds of assurances that India's growth story is intact and there is nothing to worry. And see how many share market investors are there? half a million or a million. Anyway there are millions starving away and nothing is being done about it.
What we see by India's growth is consolidation of wealth and not distribution. There is no trickle down effect as far I see. Yes you can't demand wealth has to be distributed uniformly in a democratic nation. But the government's apathy towards the downtrodden is criminal. I wonder what would be the picture 5 years down the line. A country of a few super rich people and a marginalized majority?. The challenge before the law makers is how to bring social equality. And I hope this time they don't fail us
posted by Rowdy at 10:03 AM
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