our economic growth for this year will be 4% INSHALLAH we will get back on track what about ur mahan bhart
Indias Shocking Income Inequality 50 Billionaires and 800 Million Desperately Poor
Income Inequality in India has been rising at an unprecedented rate in the last couple of decades.The opening of the Indian economy has led to even starker levels of income disparity among the very rich and majority of the Indian citizens.The Crushing Income Disparity is seen in the worlds most expensive $2 Billion House set amongst 42% of the worlds hungry children.The latest Forbes report lists 50 Indian Dollar Billionaires with 2 in the Top 10.A 2007 report by the state-run National Commission for Enterprises in the Unorganised Sector (NCEUS)
found that 77% of Indians, or 836 million people, lived on less than 20 rupees (approximately US$0.50 nominal; US$2 PPP) per day.The living conditions of the majority have already fallen further with food price inflation between 10-20%.While revolutions have already broken out in much higher per capita countries like Egypt,Libya etc. India remains relatively dormant with a only the large Naxalite movement reflecting the massive income disparity.Makes you question whether capitalism in India has made much sense especially as there has been no spreading of wealth from the top to the bottom.
India’s Shocking Income Inequality – 50 Billionaires and 800 Million Desperately Poor « Green World Investor
