Rathish Balakrishnan’s Post

India is a land of contradictions I am pretty sure you have heard of this umpteen times in your lifetime. Add it one more time to the list India is one of the fastest growing economies in the world, aiming to become the third largest in coming years. At the same time the top 1% of the population is earning an average income of 5.3 mn rupees (a whopping 23 times the earning of an average Indian) No doubt the size of cake (read as GDP) has increased but the size of the piece going to rich has just been much much bigger compared to piece going to poor people What do you think? are we moving towards Plutocracy? https://lnkd.in/g843ZHuV

India, a nation of vibrant contradictions, finds itself perennially stuck in a precarious balance between two extreme realities: abject poverty and an aspiring superpower. On one hand, the country is home to a staggering 350 million people living below the poverty line, struggling to access basic necessities like healthcare, education, and sanitation. The rustic rural landscapes, crumbling infrastructure, and makeshift slums serve as a poignant reminder of the vast socio-economic disparities that afflict the nation. On the other hand, India is also a rising global power, boasting a burgeoning economy, cutting-edge technology, and a burgeoning middle class that is driving consumption and innovation. The gleaming skyscrapers, state-of-the-art industries, and cosmopolitan metropolises showcase the country's remarkable potential for growth and progress. However, this stark dichotomy between poverty and prosperity creates a sense of dissonance, as the country's energies are often torn between addressing the pressing needs of its most vulnerable citizens and pursuing its ambitions as a global powerhouse. This paradoxical existence poses a significant challenge to India's policymakers, who must navigate the complex landscape of competing priorities to create a more equitable and sustainable future for all its citizens. 👇 VIDEO LINK: https://lnkd.in/dX_j5kAC #IndianEconomy #IndiaGrowthStory #EconomyOfIndia #IndianGDP #IndiaBusiness #IndianAgriEconomy #AgricultureInIndia #FarmersOfIndia #MakeInIndia #IndianManufacturing #IndustryInIndia #IndianServiceSector #ServicesInIndia #IndiaServicesGrowth #IndianFinance #IndianStockMarket #FinanceInIndia #DigitalIndia #ITInIndia #TechInIndia #IndianInfrastructure #InfrastructureInIndia #IndiaInfrastructureDevelopment #linkedin

In this episode of Dhande Ki Baat, Viral Sakhiya and Seeken explore the reasons behind India's poverty, discussing historical, social, and economic factors. They dive into wealth distribution issues and challenges faced by millions, offering insights and potential solutions for a prosperous future. #DhandeKiBaat #ViralSakhiya #Seeken #WhyIndiaIsPoor #IndiaEconomy #PovertyInIndia #EconomicDevelopment #TVSPodcast #IndianEconomy 4o

As India is witnessing fancy speeches from political leaders across the arena and communal polarization, millions of Indians continue to grapple with poverty, unemployment and fluctuating inflation. For them, the promise of change often remains elusive. #India #generalelections #loksabha #PMModi #RahulGandhi #ArvindKejriwal #INDIAAlliance #inflation #unemployment #economy #poverty Watch the full video here: https://lnkd.in/gwti73YD

#DhandeKiBaat Video No.29 : Discussing poverty & employment in India. Gauravkumar Kate Rishikesh Sakarkar Makarand Kate Website : www.ezobooks.in #EzoBooks #BusinessTips #SocialMedia #Trending #Startup #LifeTalks #Entrepreneur #Mumbai #Poverty #OnlineMarketing #BusinessStrategy #LinkedIN #BusinessGrowth #Reels #Employment #Business #Marketing #NaviMumbai #Zomato #Sales #Podcast #Customer #BusinessDevelopment #Economy #Swiggy #Employee #Powers #India

India does not have an unemployment issue, but a wages issue & there are key levers where this can be addressed. Manish Sabharwal illuminates the economics to grasp India's full potential. https://lnkd.in/g86AX6M3

https://lnkd.in/d_syc7CD What Are the Disparities Widening the Inequality Gulf for Households Across India? By investing in human capital, public infrastructure for easier mobility, education, and targeted rural development, the Indian state can reduce the divide.

Economic Development or Crisis ? High tech, labour intensive heavy industry and agricultural based small to medium scale family businesses and agriculture , where the balance lies in terms of income and distribution of resources / wealth! What is the impact of post 1990s globalization and entry of MNCs? How steep is the increase in income gaps after that? Is that sustainable economic development? India became a totally unlivable place for the majority population in the last 30 years, totally under control of MNCs, the same pre-independence situation, crisis... India and all other countries are failing on the indicators of social well-being, which is reflected in the health and mental epidemic...

https://lnkd.in/ge9AaVpn "States in India have a wide remit with control over water, agriculture, land rights, public health and order, theatres and entertainment, even duties on opium and other narcotics, and in some cases are as powerful as an individual country in a continent such as Europe might be. Uttar Pradesh, home to 200 million people, would be the world’s fifth biggest country if it were an autonomous nation, and regularly makes global headlines for internal state matters, such as a change of local government. States are linguistically diverse, culturally and socially varied – for example, in the cluster of eight northeastern states which border China and Myanmar, people look eastwards for their cultural cues, eschewing Bollywood in favour of K-pop, and prefer soccer to cricket. Home to matrilineal societies, women are far more visible in everyday life than in the “cow belt” states of central India. Kerala too, is markedly different from the north. It has the highest literacy rate in the country, at more than 93%, as well as a high life expectancy and the best gender ratio in the country. It also tops the UNDP-sponsored Human Development Index thanks to high standards in sanitation, health, education and poverty reduction. The poverty rate is under 12% (2011­–2012 state government figures), compared to the national rate of almost 22%, according to the World Bank. But for all of its highs, Kerala – indeed, all of south India – is about as appealing to the central government as coconut oil in butter chicken. In north India, southerners are universally mocked with the pejorative “Madrasis” (a reference to the former name of the city of Chennai). South Indians are looked down on for their dark complexions, their mannerisms, even their diets. Keralites eat beef, even as the meat has become a lightning rod issue and emblematic of the rightward shift, as Hindus revere cows as sacred."

India is set for strong growth, macro-stability in FY24. But what about our microeconomic level, poverty level issues? What other policies are needed on priority basis and how must their implementation happen in a limited time to bridge the class divide? This and more answered by ace economist Abhijit Mukhopadhyay in an exclusive conversation with Mahima Sharma. He digs deep into India's economic narrative, dissecting the intricate web of challenges and opportunities, only for Indiastat.   Read the interview on this link or via the full link in the first comment of this post https://lnkd.in/g8Q4WmJd   NITI Aayog Official Reserve Bank of India (RBI) Ministry of Labour MINISTRY OF EDUCATION, GOVERNMENT OF INDIA Indian Ministry of Finance UNDP The World Bank World Trade Organization   #socioeconomicvoices #poverty #bridgingclassdivide #aatmanirbharbharat #indianeconomy #globaltrade