Kamal Morarka

Disparity between rich and poor has grown

Posted by Kamal Morarka News
-A | A | A+

There is much discussion now a days on the rate of growth becoming slower than 9%. Though the growth figure is important what is more important is the content of the growth.

In 1991 we were promised that the economic reforms will increase the growth rate and bring prosperity which will trickle down and over time poverty would go away. Twenty years have passed but poverty not only remains but it appears that the glittering prosperity at the top has become even more and failed to trickle down.

There is much concern that the growth rate may come down to 7.2%! At the same time Planning Commission says anybody earning more than Rs 32/- per day is not poor! While figures can vary we don’t need an economist to tell us that Rs 32/- is dismally low for a day-to-day living. What is required is restructuring the economy so as to include the lower strata.

In rural areas there are farmers at one end and landless labour on the other. In urban areas it is the pavement dwellers and part of the slum dwellers which have to bear the brunt. The disparity between the rich and poor has grown. In the system prior to 1991, while the growth rate was lower but the disparities were not so glaring.

Government shies away from certain figures. One of the big concerns is the total lack of investment in the agriculture sector. If rethinking is not done we will have a terrible food shortage after ten years. Though the current figures of production are welcome, we cannot sit smug that we have surpassed past records. If agricultural produce has become highest till today so is the population. There is anger within those who are excluded from the present market system and are not able to buy the glittering objects advertised by the electronic media. There is an urgent need to focus on employment so that educated youth do not get frustrated for lack of employment opportunities.

At other end of the spectrum the corporate sector goes on to achieve higher and higher turnover and profit. In this system there is competition. The more intense the competition, the more the propensity to use any method to beat the rival. These methods brings to the fore corruption. Unless corporate sector is reined in, top level corruption cannot be controlled.

The 2G spectrum is only one example of how far corporate sector can go to beat each other. But 2G is a subject of its own which can be taken up another time.

2 Responses to “Disparity between rich and poor has grown”

  • avatar singh says:

    manmoahn singh is NOT a spinessless puppet -he is the REAL EVIL man who has presided over selling of india to americans because he is an american agent ,
    indian are fool in thinking that he is innocent and sonia is evil itis the other way round-he is more foreiners agent than sonia-if he could get nuclear deal pssed with bribery and in hurry in parlaiment then what stops him from bringing lokpal bill through presidentail decree?
    ========================================================================================
    Wikileaks show US diplomats effectively united with their local counterparts against a common enemy: the people – whether the people take the form of anti-war activists, jurors or voters in an upcoming election.manmohan singh and monteck ahulawali a are such traitors in India.
    sadly bjp is corrupt aswell and traitor, it was bjp and manmoahsn ingh who were isntrumental in removing natwar singh from foreing msintery and keralite msinter aiyayr from oil minstry because they awere acting in Indian interest in foreingn and oil minstry which was not liked by americans so americans ordered manmoahnss ignh and his bjp minions to spread rumour in order to throw those msinters out.. Ayaar and natwar were ones of the few non traitors in the cabinet.other patriot is from kerala too the defencemsinter. Most of the punjabi coterie there are traitors like manmaohsn singh, mantack ahulalwalai and sibal who are corrupt and in efficinet and are just pimps for angloamericans. sadly the punjba icoterie lot on bjp like shshma swaraj and others are rotten and corrutpo too..
    http://www.chauthiduniya.com/2011/07/cash-for-vote.html/comment-page-1#comment-2880
    how the traitor manmoahn singh bribed the MPs to get votes for nuclear deal with help of american and indian industrailists’s money. amar singh was jsut a middle man. this mannoahns ingh was alos involved in bribign the ps in narsingha rao misntry in 1993 when they were in minority.

  • Lillah says:

    An ineieltglnt answer – no BS – which makes a pleasant change

Leave a Responses to Lillah