Thursday, January 22, 2009

India's Economic Divide Hampers Growth





In the past decade India’s economic growth has been phenomenal. It has been able to maintain its growth rate around 12% which is the second best in the world. But this kind of growth has not reached the places where it is most needed. The money which has flowed into India has not been able to reach the people living in poverty. This increasing gap between the rich and the poor has proved really costly and hampered India’s growth. This gap has led to the increase in crime in India. The society has been split into two. The divide in the society has led to more problems and unrest among the people. The government must act quickly to iron out the issues in the society. It is important that steps must be taken quickly that the money which is been made, should be used for developing the infrastructure and providing opportunity to the people living in poverty. The economic gap should be filled up quickly so that the growth is in all the sectors and there should be equal distribution of wealth and welfare to the people.

No comments:

Post a Comment