Showing posts with label rich. Show all posts
Showing posts with label rich. Show all posts

Monday, August 16, 2010

Economic Imbalance

Last night I was reading an article on how China overtook Japan in becoming World's second largest economy. As I dug deeper, I was surprised (read it shocked) to learn that India is World's Eleventh largest economy. May be, I need to read my high school social textbooks again! But, can someone here clarify what Economy means and how India happens to be 11th.


Our ranking based on per capita income is 139 out of 192 countries on the World map. Does this say something? According to an estimate by World Bank, one-third of the people below poverty line in the entire world resides in India. Yet, India is also the country with more than One Lakh super rich people. While the number of rich people account for those pretty numbers which puts our country in the top of the world's charts, nothing much seem to change with the Poor. Except for the fact that the poor gets poorer and the rich gets richer.


I was reading the post Economic Independence I wrote 3 years ago on the occasion of Independence day. Nothing much seemed to change!!! I'm afraid to even think that we are failing. Failing of being a democracy, of being an independent country. Are we? I hope not. Can we do something? Wish, we can.


Image Source: Citizenx.org

Will the call to our Indian rich people by Bill Gates be answered? Will it begin the end of many sad stories we see around? Will there be any difference in the lives of those kids who beg alms when you stop near traffic signals in your luxury cars, when you dine at costly restaurants, when you take your kids to malls?

~Vee...