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Luxury mall showcases wealth gap in India

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  • The party took power in a coalition government four years ago on a platform of more 'inclusive growth' for India's 'have nots', a promise upon which it has mostly failed to deliver.

    Asia's third-largest economy has grown nearly 9 percent a year over the past four years, driven largely by consumer demand from the middle-class and soaring foreign investment. Despite the boom, official data shows an estimated 800 million of India's billion-plus people live on 50 U.S. cents a day.

    The top 10 per cent of India's population owns between 33 to 50 per cent of the country's wealth, according to a range of estimates by the government, think-tanks and academics.

    Uneven economic growth is posing a serious security threat to India, Singh said last December, pointing out that a large proportion of recruits for militant groups came from regions untouched by India's scorching growth.

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    NO EUPHORIA FOR INDIA'S POOR

    While the middle and wealthier English-speaking classes are profiting from an economic surge, it is unclear how well this is trickling down to hundreds of millions of Indians living in small towns and rural areas.

    Analysts say the failure to deliver social justice and development to India's poorest regions have alienated people and helped open up economic, social and religious divides.

    Socio-economic divides and governmental apathy are said to fuel some of India's deadliest insurgencies in which thousands of people have been killed, including a four-decade-long Maoist rebellion and several armed movements in the remote northeast.

    A contest for jobs and development is in part the reason for a violent Hindu-Christian conflict raging in the country's east.

    ... contd.

    PreviousNext1234
    This kind of study should be the talk of TodayBy: kush | 15-Oct-2008 Reply | Forward This kind of study and findings must be the talk of today. Political leaders should take note of it. The problem is most of the political leaders are uneducated but tall leaders must make this grave issue a must to adress. Madia has a role to play in this.
    GLOBAL POWER!By: James Connor | 14-Oct-2008 Reply | Forward The ten percent of India are striving to make India a global power while riding rough on the backs of groaning 70% who are not sure about the food for the family. Gandhian model is long overdue if equitable dignity is to breed.
    Luxury malsBy: naresh | 14-Oct-2008 Reply | Forward people jealous of india can write such fake and negative articles.
    Responsibility towards SocietyBy: vikas sharma | 15-Oct-2008 Reply | Forward My friend it is not about jealously..it is about making the people aware of the social divide that is prevalent today in India and mostly in Metros..We all are proud of the progress of India..and it is very good to share this progress.. however the fact is this progress is confined to a particular strata of society.Nobody is doubting their hardwork but at the same time we all should also understand our responsibilities towards our society. If someone believes that Extravagent spending signifies a wealthy and powerful nation then it's believing in apocryphal theory.The real asset of the nationsare its people and this kind of social divide is not good for our country..and please do remember ours is a country struggling to be a developed nation and this mission requires discipline and vision at every level.How we can contribute in this mission is by our commitment of helping the deprived by trying to provide them with more opportunities for success.There is a profound saying..'Strength of a chain is determined by its weakest link' ..
    People in India are self centredBy: Preetam Kumar | 14-Oct-2008 Reply | Forward People in India are self centred . They will not care much if half of Bihar is under flood . Going to posh malls and spending a crazy amount ha become the new mantra for the neo rich .The western firms are more than happy to see Indians spending huge amount on the fashion labels.
    On Luxury mallBy: Durgasharan | 14-Oct-2008 Reply | Forward The figure of 836 million living on less than Rs.20 a day at the end of 2004-2005 does not seem to be correct. Sweeping generalizations are generally lies. I am from middle class and I will never be able to afford to shop in that mall. However being rich is not a sin nor is spending one's own money as one desires.
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