Incredible India = the SUPER rich +the HAVE's +the HAVE NOT's
Watched an international TV show ,point being mentioned was India is likely to be fastest growing economy in the world , ahead off China too ! , however in the same breath , they said that the gap between the have's and have not's is quite large still ,
And this story has been like this for ages , hasnt it been , while changes have happened , structually the bottom of the pyramid is not shrinking and bulging at the middle belly , its the head which is bloating still and that means the rich seem to be getting richer still .
India's super richest class is estimated to be approx 10 % of population hold 75 % of the country wealth , which is mind boggling a stat , the pareto principle shudnt apply here , right !
the latest structure of the pyramid is as above , while the figures are a bit of a suspect , lets go with it for the time being .
any developing nation will have this disparity in sections of society , the question is whether we are fast tracking inclusion at all levels of the society , especially at the bottom of the pyramid,
And this story has been like this for ages , hasnt it been , while changes have happened , structually the bottom of the pyramid is not shrinking and bulging at the middle belly , its the head which is bloating still and that means the rich seem to be getting richer still .
India's super richest class is estimated to be approx 10 % of population hold 75 % of the country wealth , which is mind boggling a stat , the pareto principle shudnt apply here , right !
the latest structure of the pyramid is as above , while the figures are a bit of a suspect , lets go with it for the time being .
any developing nation will have this disparity in sections of society , the question is whether we are fast tracking inclusion at all levels of the society , especially at the bottom of the pyramid,
- in India this difference is quite understandable too as around 50 % of our population is still dependent on agriculture and that sector doesnt seem to be a big priority for change, growth rates have slowed down too
- the other issue is that off the fact that most of the relevant funds meant for BOP segment , never reached them due to siphoning
- add to this most of the development moves have happened in Urban cities
- most of the riches were accumalated from largely regulated industries so the catching up from wealth from services sector is just happening
here is what is being done :::
the banking, jan dhan yojana , the adhar card inclusion of the population and the Mobile banking licenses and the endless possibilities with mobile , all termed as "JAM "trinity , should help in enabling money reaching the right people to start with , along with attempts to spread entrapreunarship , getting agriculture back on track with productvity increase measure and right pricing mechanisim for the farmers should help .
the banking, jan dhan yojana , the adhar card inclusion of the population and the Mobile banking licenses and the endless possibilities with mobile , all termed as "JAM "trinity , should help in enabling money reaching the right people to start with , along with attempts to spread entrapreunarship , getting agriculture back on track with productvity increase measure and right pricing mechanisim for the farmers should help .
Incredible india = 50% super rich + 50 % haves , will be an ideal state , will it happen in our life time , lets hope so ! cheers !
Comments
Financial literacy is also critical development required along with opening of accounts.
I also got an idea while reading your article. We will have to find innovative ways of making agricultural land a supplier of solar power . Am sure not every farmer has 3crops a year. This sale of power will also add to farmer incomes and increase energy security for the country.