As you might be seeing, there has been a tremendous growth in the GDP of our country. But is this growth a reality?? Has the life of the people really improved??
80% of our country's population still live a life with a meager Rs.20 a day.. The number of people below the Poverty line has been growing.. one lakh farmers have committed suicides in the last decade (an average of 27 farmers per day). The gap between the haves and have-nots which as per our economic policies is supposed to come down, has now gone up.. While all the above statements present a poor picture of our economy, yet you see that our economy is booming..
This boom in our economy is because of the IT and ITES sectors, which have been pumping in large volumes of money into the economy. People think that we are growing prosperous, but in reality only the upper 5-10% of the population is becoming prosperous. Not only that, but because of this economic prosperity, people are spending more, causing a steep rise in inflation in costs of commodities. This would mean that the remaining 95% of people who are not growing prosperous are also shelling out larger amounts of money. This is causing a further rift among the rich and the poor. This is the reality in our economy..
80% of our country's population still live a life with a meager Rs.20 a day.. The number of people below the Poverty line has been growing.. one lakh farmers have committed suicides in the last decade (an average of 27 farmers per day). The gap between the haves and have-nots which as per our economic policies is supposed to come down, has now gone up.. While all the above statements present a poor picture of our economy, yet you see that our economy is booming..
This boom in our economy is because of the IT and ITES sectors, which have been pumping in large volumes of money into the economy. People think that we are growing prosperous, but in reality only the upper 5-10% of the population is becoming prosperous. Not only that, but because of this economic prosperity, people are spending more, causing a steep rise in inflation in costs of commodities. This would mean that the remaining 95% of people who are not growing prosperous are also shelling out larger amounts of money. This is causing a further rift among the rich and the poor. This is the reality in our economy..
