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  • Economic Outlook: Change in Economic Policy

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    Rabindra Sekhara
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    Almost 70% of Indians live on less than Rs. 20 per day while the wealthiest resources are controlled by about 100 business houses. This huge gap between the rich and poor is worrying and current economic policies are making it worse. The rich are getting richer at the expense of the poor. In most cases, unlimited wealth was accumulated by a few through fraud and deceit rather than hard work. When companies profit hugely from buying and selling government licenses, is this right for society or democracy? Aam Aadmi Party believes current economic policies favor corrupt money grabbers over honest workers. Policies should encourage honest business instead of enabling pillaging by a few industrialist families. Both corrupt individuals and policies enabling corruption must be re

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    Almost 70% of Indians live on less than Rs. 20 per day while the wealthiest resources are controlled by about 100 business houses. This huge gap between the rich and poor is worrying and current economic policies are making it worse. The rich are getting richer at the expense of the poor. In most cases, unlimited wealth was accumulated by a few through fraud and deceit rather than hard work. When companies profit hugely from buying and selling government licenses, is this right for society or democracy? Aam Aadmi Party believes current economic policies favor corrupt money grabbers over honest workers. Policies should encourage honest business instead of enabling pillaging by a few industrialist families. Both corrupt individuals and policies enabling corruption must be re

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    10 views1 page

    Economic Outlook: Change in Economic Policy

    Uploaded by

    Rabindra Sekhara
    Almost 70% of Indians live on less than Rs. 20 per day while the wealthiest resources are controlled by about 100 business houses. This huge gap between the rich and poor is worrying and current economic policies are making it worse. The rich are getting richer at the expense of the poor. In most cases, unlimited wealth was accumulated by a few through fraud and deceit rather than hard work. When companies profit hugely from buying and selling government licenses, is this right for society or democracy? Aam Aadmi Party believes current economic policies favor corrupt money grabbers over honest workers. Policies should encourage honest business instead of enabling pillaging by a few industrialist families. Both corrupt individuals and policies enabling corruption must be re

    Copyright:

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    Economic Outlook

    Almost 70 per cent of Indians today live on less than Rs. 20 per day, while the wealthiest resources of the country lie in the hands of about 100 business houses. Is this enormous gulf between the rich and poor a good thing? The most worrisome part is that the current economic policies and system are making this gulf wider. The rich are getting richer at the expense of poor. How did a vast portion of the country's wealth come to rest in the hands of just a few? Did they toil more, produce more by agriculture or industry? Did they provide more services to the society? It seems that in most cases nothing happened. In most cases unlimited wealth was collected by fraud and deceit. When a business house buys 2G Spectrum license at Rs. 1500 crore from the government and then sells it 10 days later at Rs. 6000 crore, making thousand of crores in profit, is it correct? Is this kind of earned wealth right for the society, country or democracy? Or is this the misuse of system to earn profit? If a few people collect wealth by fraud, is this a healthy trend for a democracy? With this money they can buy any leader, officer or institution. Change in Economic Policy Aam Aadmi Party believes that present economic policies are more indulgent towards money grabbers, share market and corrupt people instead of genuine people. Such a society can never make progress. Economic policies should encourage honest traders, Industrial and Agriculture workers, and businessmen and enhance their prospects. Most people adopt corrupt practices because they are forced to do so. Though they want to be honest they have no option but to bribe. On the other hand, there are a few industrialist families who are openly indulging in pillaging the country. On one hand we have to deal strictly with such people, and on the other, change those policies which help and abet them.

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