Economic inequality: The wealth of the country’s super rich people increased by 33% in one year
Corona epidemicCorona period. And the plague has struck a cruel hammer on millions of people. But the epidemic does not seem to have had any adverse effect on the country’s super rich. The number of the country’s super-rich, with more than 1 billion in assets, has risen from 50 last year to 60. This means that even in this difficult year, the super rich club kept getting richer and richer.
Members of the Super Rich Club:
As the number of members of the Super Rich Club increased, so did their wealth. Last December, the total wealth of the super-rich people was 364 billion, which has increased to 483 billion this year, an increase of 33%. This is a time of unprecedented challenges for the country and society. But economic inequality is rising alarmingly. The country’s GDP is still negative. Operations at several companies, large and small, which have stalled due to the lansdowne, have not yet reached the previous level.
Millions of people are struggling against poverty and unemployment. A few months ago, Oxfam reported that only three billionaires in India have more wealth than the country’s full budget. The richest 1% of the country has four times as much wealth as the low-income 30%. In the same way, if we talk about the whole world, 216 billionaires have the wealth of 80% of the world’s low-income population i.e. more than 300 million people. The report says economic inequality around the world is growing rapidly and the number of billionaires has doubled in the last decade.
In fact, few people are reaping the benefits of economic growth in India. Which is a matter of concern because the increase in the number of billionaires is not a sign of a prosperous economy. This is a symptom of a failed economic system. This kind of growing division also undermines democracy. And promotes corruption.
Growing economic inequality is a huge outrage among the people. The people are unable to speak out against the government in this matter. They express it through chaos and violence. Occurs in production. Nor would it accelerate the country’s growth rate. There is a wealth around the world constant flow of. But it only benefits people who are already rich.
Governments of different countries:
Different countries are also prone to mislead the poor instead of formulating policies in favor of the poor. It is true that policies for the poor like NREGA were made in the country but such policies were enough to sustain the lives of the poor instead of connecting them to the production system of the country. There is also a limit to growing economic inequality. If this chasm between the rich and the poor continues to widen in this way, there will come a time when chaos will spread all around.
The death rate of people earning Rs 150 a day in the country is three times higher than the global average. This means that the poor are dying faster. The government allocates only 1.15 per cent of GDP to the poor who go to government hospitals for treatment. Few countries in the world have such a low health budget. But the the government does not seem to have any freakers. The government putting its back on the billionaires in the country is. But growing a billionaire literally means growing inequality in the country.
United Nations Development:
In the Human Development Index (HDI) recently released by the United Nations Development Program (UNDP), India has slipped one place from last year to 181st out of 15 countries. The Human Development Index now includes the growing inequality between the rich and the poor and the resulting scarcity. In the human development, history of this report indicates that meeting only food and basic needs is human not the final stage of development. Because it not provide human beings with opportunities for development according to their ability does.
UN report advocates human development:
The UN report advocates moving human development beyond just per capital income to education and health. The report points to a new crisis that is growing inequality between rich and poor in countries like India. Referring to India, the report said there was a wave of inequality. Which from birth child with the opportunities surrounds the inequality of. And not just after he grows up or into old age. But it continues to affect lives for generations to come. The benefits of economic growth in India are being reaped by countless people.
Which is a matter of concern. Because the growing number of billionaires prosperous economy is not a sign of a. This is a symptom of a failed economic system. This kind of. Rising divisions also weaken democracy and promote corruption. Rising economic inequality is a major source of public outrage. The silent people express their indignation through the chaotic and violent atmosphere as they cannot say anything against the government in this matter. The wealth accumulated by the rich is of no use to the country’s economy as such wealth continues to flow out of the economy.
The flow is flowing but the benefit is only to the people. Which is already rich. Even the governments of different countries are poor instead of formulating policies in favor of the poor pronemislead the. It is true that policies for the poor like NREGA were made in the country but such policies were enough to sustain the lives of the poor instead of connecting them to the production system of the country. There is also a limit to growing economic inequality. If this chasm between the rich and the poor continues this to widen inway, there will come a time when chaos will spread all around.
Government for the welfare of the:
The government implements many schemes for the welfare of the people but due to bureaucracy and corruption the benefits of such schemes cannot reach the needy. Rising inflation and skyrocketing food prices are making the poor and low-income people increasingly helpless. The country’s farmers are facing a double whammy of debt and indefinite season. Thecombine unrest, fear and violence with all these difficulties and eating, drinking prof religion or caste. The situation is really depressing if we also add restrictions on the wearing.
Unemployment, Poverty, Corruption:
The cost of the internet in India is very low compared to many other countries in the world. Due to cheap smartphones and free data packages, many real people and especially the youth of the country are busy forwarding forwarded messages by turning a blind eye to the real problems. People have become enslaved to smartphones by putting aside issues like unemployment, poverty, corruption, health. This situation is also beneficial for the government as instead of raising voice against such problems, people are just turning their fingers on the touchscreen. Not being able to solve the monstrous problems at a glance, the common man has sought refuge in mobile phones to be happy.