I am an Indian , enjoying so called prosperous Globalization because i was born affluent community or privileged community.India receives foreign direct investment and competent middle class and elites grab all that. Large cities are the wonderland for new middle class but grass root people are living at mercy of upper class.We call that as a islands of poverty.
India opened her economy in 1991 and coupled with global economy and claimed this process for inclusive growth.
Since independence neither socialism nor globalization cum market economy benefits poor or underclass at all.Is there any solution? India's problem is that implementation of plans is poor and democratic India does not care for poor. Lands are required at low prices and later sold to industries and land owners without skills can not survive and migrate to cities to get the jobs and slums are being built. Two opposite systems and islands co-exists.
Inequality and lifetime struggle for survival continues. Joseph Stieglitz rightly pointed out this difference in third world and even developed nations.
India as a rising power on global stage has her weakness.How to bring equality?
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