India’s Hands Up Before Indians Economically: Why? - By: Balbir Singh Sooch-Sikh Vichar Manch

India’s Hands Up Economically and Garibi Hatao. Garibi Hatao desh bachao ("Abolish poverty, save the nation"): Who Is Responsible and Why? The Indian Agencies Running India Are Responsible or Congress To BJP And So On? India's Closing Income Gap Increases like the Poorest Countries in the world.



India fared poorly, ranking 147 out of 157 countries, in terms of its commitment to reducing inequality, while Denmark topped the list, a report said on Tuesday, October 9, 2018”. Oxfam described India’s public health and education as “woefully” low. “Poorer Countries Closing Income Gaps, India's Increases”.



“India's poorest half of 67 crore Indians saw their wealth rise by just 1 per cent. ... The key factors driving up rewards for shareholders and corporate bosses ... of economic growth in India continue to concentrate in fewer hands”. India's poorest half of 67 crore Indians saw their wealth rise by just 1 per cent: Davos, January 22, 2018: The richest 1 per cent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed today, presenting a worrying picture of rising income inequality.



Besides, 67 crore Indians comprising the population’s poorest half saw their wealth rise by just 1 per cent, as per the survey released by the international rights group Oxfam hours before the start of the annual congregation of the rich and powerful from across the world in this resort town.



The situation appears even more grim globally, where 82 per cent of the wealth generated last year worldwide went to the 1 per cent, while 3.7 billion people that account for the poorest half of population saw no increase in their wealth THE HINDU BUSINESS LINE



ALL'S NOT WELL: An economist says India lacks the guts to even admit that it faces epic-larger-than-life economic problems: By Nitin Sethi; September 20, 2017: qz. com



“THE mounting inequality will inevitably push us-Indians into the abyss of colonialism again, this time more dangerous and deadly. Let us grapple with some facts”. DOWN TO EARTH



Prime Minister Narendra Modi now only attacks Indira Gandhi's 'garibi hatao' slogan: DECCAN CHRONICLE: Garibi Hatao. Garibi Hatao desh bachao ("Abolish poverty, save the nation") was the theme and slogan of Indira Gandhi's 1971 election bid and later also used by her son Rajiv Gandhi. Now similar is the slogan of RAHUL GANDHI son of RAJIV GANDHI.



Garibi Hatao desh bachao ("Abolish poverty, save the nation") was the theme and slogan of Indira Gandhi's 1971 election bid and later also used by her son Rajiv Gandhi. Now similar is the slogan of RAHUL GANDHI son of RAJIV GANDHI.



The slogan and the proposed anti-poverty programs that came with it were designed to give Gandhi an independent national support, based on rural and urban poor, which would allow her to by-pass the dominant rural castes both in and out of state and local government; likewise the urban commercial class. And, for their part, the previously voiceless poor would at last gain both political worth and political weight.



The programs created through garibi hatao, though carried out locally, were funded, developed, supervised, and staffed by Government officials in New Delhi and Congress Party officials. All in all, garibi hatao did little and accomplished less: only about 4% of all funds allocated for economic development went to the three main anti-poverty programs, and precious few of these ever reached the 'poorest of the poor', but it did help secure Gandhi's election.[citation needed] It was part of the 5th Five-Year Plan. From Wikipedia, the free encyclopedia



India's Closing Income Gap Increases like the Poorest Countries in the world: India fared poorly, ranking 147 out of 157 countries, in terms of its commitment to reducing inequality, while Denmark topped the list, a report said on Tuesday, October 9, 2018”.



Oxfam described India’s public health and education as “woefully” low. “Poorer Countries Closing Income Gaps, India's Increases”.



“THE mounting inequality will inevitably push us-Indians into the abyss of colonialism again, this time more dangerous and deadly. Let us grapple with some facts”. DOWN TO EARTH



The report’s authors concluded that in contrast to these (Guinea, Mauritania, Saint Lucia, Angola, Ukraine, and Kazakhstan also spent significant portions of their national budgets on education, social welfare programs and health) countries there was a relatively lower gross domestic product with wealthier developing countries such as India and Nigeria. Nigeria earned the least coveted 157th spot. According to the report, the African nation has failed to tackle a 10 percent child mortality rate and labor rights violations and tax violations are the norm in the oil-rich nation. Oxfam described India’s public health and education as “woefully” low. Oxfam’ Report: Telesurtv



“According to the Commitment to Reducing Inequality Index developed by Oxfam and Development Finance International, Nigeria, Singapore, India and Argentina are among a group of governments that are fuelling inequality.



India fared poorly, ranking 147 out of 157 countries, in terms of its commitment to reducing inequality, while Denmark topped the list, a report said on Tuesday, October 9, 2018: As per the report, countries such as South Korea, Namibia and Uruguay are taking strong steps to reduce inequality. However, countries like India and Nigeria did very badly”. moneycontrolcom



“How economic inequality is widening in today’s India: The 21st century has witnessed development with a yawning gap where wealth is concentrated in a few hands. “The 21st century has witnessed economic development with this yawning inequality (concentration of wealth in a few hands) as its necessary condition. Who knows, but maybe one day it can be proclaimed as the sufficient condition as well.



We are not called to ride on the so-called bullet train of development, wherein we can at least try to make the government accountable. This mounting inequality will inevitably push us into the abyss of colonialism again, this time more dangerous and deadly. Let us grapple with some facts.



The Indian scenario: In 2000, $428 billion (36.8 per cent) of the total Indian National Wealth was concentrated in the hands of only 1 per cent of individuals (57.11 lakh). On this basis, rich Indians enjoyed $74,935 per capita of wealth. On the other extreme were the remaining 99 per cent of Indians with only $1,300 per capita of wealth.



The richest 10 per cent of adult Indians (5.7 crore) have grabbed control over 66 per cent of wealth. They are enjoying per capita wealth amounting to $13,419. The remaining 90 per cent of the population had per capita wealth worth $772.



In 2000, the richest top 1 per cent of people enjoyed 58 times the wealth of the rest of the population. In 2014, this gap between the rich and the poor has widened to 95 times.



Some bitter facts: Inequality in India is growing by the day. In 2000, India’s 37 per cent of wealth was concentrated in the hands of 1 per cent Indian adults. By 2005, it went up to 43 per cent, by 2010 it rose to 48.6 per cent and by 2014 it touched 49 per cent.



In the past 14 years, the gap between the richest minority of 1 per cent and the poorest majority of 99 per cent has become wider—from 58 times in 2000 to 75 times in 2005, to 94 times in 2010 and 95 times in 2014.



Ten per cent of poorest Indians possess just 0.2 per cent of national wealth. The gap between wealthiest 1 per cent Indians and the poorest 10 per cent was 1,840 times in 2000. It became 2,150 times in 2005, 2,430 times in 2010 and 2,450 in 2014.



Around 15.5 per cent of the world’s adults live in India while the country’s share in the global wealth is a meagre 1 per cent”. Down To Earth



By: Balbir Singh Sooch-Sikh Vichar Manch

Posted on Oct 11, 18 | 12:46 am