According to global wealth watcher Knight Frank an interesting survey emerged in as India from 2003 to 2013 has only 26 millionaire out of 1 billionaire and at present India has grown from 23 billionaire in 2003 to now at 60 where as the no of millionaire remain almost same as 26 last decade .This is really a cause for concern as our billionaire class of people could not create more millionaire which means wealth created has not been distributed evenly and at the same time Millionaires whome we call also UHNI ( Ultra high Networth Individuals having wealth of more than 30 million dollar a year) could not create more middle income groups by sharing wealth nor their wealth eroded last decade which means again wealth could not be utilized for running their business to grow further which again means wealth created remain stagnated to all those UHNI groups .
In economy this is serious flaws as Billionaires becoming more rich and millionaires sinking .It is also amazing that Indian Billionaires will grow to world no 2 or 3 by 2025 and may grow from present 60 to 100 . This will clearly put Indian economy in serious crisis in future if wealth is not distributed to more populations and Govt will be in serious dilemma to do all social welfare activities with out generating sufficient revenue to run Govt and so remain always on debt and higher fiscal deficit and CAD .
So Indian political system has to note and look this serious economic flaws to a meaningful developmental economy with inclusive growth .Creating more billionaires tending to create capitalist economy where as proper almost equal distrbuting social economy will create more middle income groups and thus wealth will be properly distributed and that can come only when Indian political system give thrust to improve Rural India economy .The only man in present day political field is Rahul Gandhi speaking of such inclusive growth of Rural India by his 9 years extensive knowledge gathered out of touring Rural India extensively and that is why perhaps he is boosted by giving all the powers to people by RTI -RTE --MNREGA--FOOD SECURITY --LOKPAL --LAND -TRIBAL RIGHTS and want to move further with more powers to people . Running 1.2 billion people and developing them with proper health wealth needs tremendous political will and perhaps INC led UPA Govt hoping to capture power for 3 rd time and serve people with equitable distribution of wealth .And that will come only from Rural India development for next decade . This is the reason Why Rahul Gandhi has identified a new class of people of almost 70 cr having not rich not middle class not even BPL who are really deprived of all so called developed India and remaining on balancing daily life of hope and despair having no rights on living on old age .This is real vision of a person Rahul Gandhi must be admired and people of this country surely vote for such a man to come and save 70 cr people from despair
In economy this is serious flaws as Billionaires becoming more rich and millionaires sinking .It is also amazing that Indian Billionaires will grow to world no 2 or 3 by 2025 and may grow from present 60 to 100 . This will clearly put Indian economy in serious crisis in future if wealth is not distributed to more populations and Govt will be in serious dilemma to do all social welfare activities with out generating sufficient revenue to run Govt and so remain always on debt and higher fiscal deficit and CAD .
So Indian political system has to note and look this serious economic flaws to a meaningful developmental economy with inclusive growth .Creating more billionaires tending to create capitalist economy where as proper almost equal distrbuting social economy will create more middle income groups and thus wealth will be properly distributed and that can come only when Indian political system give thrust to improve Rural India economy .The only man in present day political field is Rahul Gandhi speaking of such inclusive growth of Rural India by his 9 years extensive knowledge gathered out of touring Rural India extensively and that is why perhaps he is boosted by giving all the powers to people by RTI -RTE --MNREGA--FOOD SECURITY --LOKPAL --LAND -TRIBAL RIGHTS and want to move further with more powers to people . Running 1.2 billion people and developing them with proper health wealth needs tremendous political will and perhaps INC led UPA Govt hoping to capture power for 3 rd time and serve people with equitable distribution of wealth .And that will come only from Rural India development for next decade . This is the reason Why Rahul Gandhi has identified a new class of people of almost 70 cr having not rich not middle class not even BPL who are really deprived of all so called developed India and remaining on balancing daily life of hope and despair having no rights on living on old age .This is real vision of a person Rahul Gandhi must be admired and people of this country surely vote for such a man to come and save 70 cr people from despair
No comments:
Post a Comment