GROWTH FOR WHOM?

Saksar Sawasth Aur secular Haryana

Growth For Whom?


THE euphoria time for India Inc. continues. The sensex has now breached the 21,000 mark. At the other end, every 30 minutes, a farmer is committing suicide somewhere across the country. The hiatus between `shining’ India and `suffering’ India is not merely growing but is galloping. This growing divide is not only because of the inefficiency of the distributive aspects in our economy that prevent an inclusive growth. It is also not because the government of the day is insensitive to this growing divide. The divide grows on the basis of a simple fact – under the given conditions for the rich to get richer, the poor needs to get poorer. This is the very logic of capitalism based on intensification of economic exploitation.


Take for instance, the continuing rise in the prices of essential commodities. This heaps additional economic burdens on the people. But, at the same time, inflation is a policy instrument in the distributive aspect of the economy which increases the income share of the profit earner while impoverishing the consumer. Inflation influences income redistribution in favour of the rich.

R.S.Dahiya