Tuesday 14 January 2014

income inequality in India



Every one is  grudging  when subsides in different forms are given to the poor and call it an unproductive expenditure and burden on the exchequer. But when tax incentives running into several crores of rupees is announced for the corporate sector , it is accepted as a suitable economic  measure to  accelerate  growth as if, the gains of growth are  shared  by them with every section the population. If that is the case, India   will not be holding the rank of 56  in income inequality. In fact,  it is the land, mining, water and  sand mafia ,  aided by the corporate sector , are  instrumental in making the politicians and the beauracrates  corrupt. The direct result of black money is inflation and the  burden of inflation is more on the poor. Hence any measure to accelerate growth and control inflation should strike at the roots of black money.

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