Rising inequality:India vs Bharat

Indian economy is one of the fastest growing economies in the world standing at 5th position worldwide and india is estimated to produce 70 millionares per day.

But there is another side of Indian economic story that is bleak,hurtful and really sad that only 10% of population 77%of wealth and the economic disparity is growing leaps and bounds.

Let's look at some intresting numeral facts that india is economy worth 3.5 trillion$ and is home to the largest economic houses in the world and in last 10 years 73% of the total wealth generated goes to the richest 1%. And the poorest half of the population saw only 1% rise in thier wealth.

And it would take whooping 941 years to for the poorest class to earn what the top paid executive earns in a year.

The root cause of rising inequality is unequal distribution of educative,health and employment opportunities which ultimately limits one class to bare minimum and push the other to the top.

Also in a country like India where bureaucracy and politics is so interlinked ,crony capitalism is but obvious thus all the schemes and funds are made to cater only for the resourceful minority and the few schemes and bare minimum fund allocated to the poor majority gulped down by the corruption. 

I think the best development is development for all and it is right of every citizen of our country to demand a respectful life with good opportunities in education and employment.

Also there should not be a vast difference between payscales which eventually creates inequality as in a healthy economy every working individual must get respectful wage and opportunities should be accessible to all.

For becoming a global superpower india first need to fight this inequality to promise a better and equal development to all.

By-Ashwani Sengar