Atishay Jain

8/14/2019 Atishay Jain

http://slidepdf.com/reader/full/atishay-jain 1/13

-Atishay Jain, 10783017, 4CO5



“When India attains her destiny, she willforget the chapter of communal suspicionand conflict and face the problems of

modern life from a modern point of view.Differences will no doubt persist, but theywill be economic, not communal.”

-Maulana Abul Kalam Azad



India Empowered – A story of progress

India Denied – The Economic Disparity

Causes of Disparity



GDP growth:(average % p.a.)

1900-1950: 1.0%

1950-1980: 3.5%1981-1991: 5.4%

1992-2002: 5.9%

2003 onwards: 8.6%

Globalisation ,LiberalisationStunning economicperformanceGrowth rate > 8%

$ 145 billion forexreserve from $ 1 billionin 1991Production of Foodgrains for 1 billion

peopleAbundant humanresource, S&T, Skill, ITAlong with economicgrowth, international

recognition,respect and



‘Bangalore may be the abidingmetaphor of the best selling

Indian narrative in globalizationbut at the same time the cruelreality of Bihar also can not be

wished away’.- Aroon Purie, the man behind the India Today magazineempire



Home of 40% of the world’s poor

300 million people earning < $1 a day

150 million households without electricity

30% Indian villages without roads35% of people are still illiterate

127th rank among 177 countries in humandevelopment index of UNDP, 2005



“India occupies two worlds simultaneously. In thefirst, economic reform and social changes havebegun to take hold and growth has had an impact

on people's lives. On the other, citizens appearalmost completely left behind by public services,employment opportunities and brighter prospects.Bridging the gap between these two Indias isperhaps the greatest challenge facing the country

today.”-Michael Carter, Country Director for India, World Bank



Causes of regional disparity in India can be tracedback into three broad phases. (Chakravorty, 2005) The colonial period (roughly from 1800 to 1947)

when the economic logic was only to serve the

colonial interest.Nationalization Period (roughly 1947-1980) – an

offshoot of the colonial Raj

The Globalization period (the period beyond 80s) –to correct the distortions arising from pastcolonialism









There are many factors that caused theuneven distribution of wealth many of which are still prevalent.

Careful planning and implementation of economic policy can do wonders inimproving India’s conditions.



http://argueindia.org/ecogrowth.pdf

http://www.uoguelph.ca/cids/indiasemestr/equality.html

www.pcti.pctiltd.com/download %5Carticals%5Cinequality&stabilioty.pdf

http://en.wikipedia.org/wiki/Poverty_in_Ind

ia

Documents

Atishay Jain