Hay Days

Professor Himanshu’s report for OXFAM India (India Inequality Report 2018) once again unfurled the truth what BJP Government is hopelessly trying to sweep under the carpet.  The scenario is neither new nor the creation of the present Government but the exponential rate at which it has soared makes this present Government responsible. As per this report, when this Government came to power, India’s top 10% was holding 52% of the country’s wealth, which has grown into 63% by end of 2012.  In the same period India’s bottom 50%, already at a low of 9% further dipped to 5.3%. The so-called ‘ACCHE-DIN’ seems to be elusive for the masses whereas only handful of people near to the epicenter of power enjoys the hay days. As per the report, validation of common belief that inequality is the by-product of economic growth cannot be substantiated as in the last decade Indian billionaires increased their wealth by 10 folds, whereas the national per capita income only grew twice.

 

 “What is particularly worrying in India’s case is that economic inequality is being added to a society that is already fractured along the lines of caste, religion and gender," Himanshu said. “Apart from being a moral concern, reducing inequality is central to the functioning of India’s democracy," he said. 

 

 Unfortunately, our leaders instead of introspection and make amend in their so called pro people policies (if there is any!  At all) keep on bragging and boasting of their success. Indeed it is Success to throw public life in inferno and make them suffer incessantly.