Poor will Pay, as India Goes from Miracle to Mirage

Bangalore: India was no less than a tiger that was caged for quite a while now but economists now feel even if this tiger is uncaged it will be unable to leap. The reasons given behind this are that the lack of locomotion might have half-starved with the onset of severe mortis.

Today as the economic growth is going down we are bound to bid a farewell to our dream of Incredible India. The country bereft of leaders is sobering at the period of lower growth. In other ways the 5 percent growth is not a bad indication given the fact that eurozone is wobbling on the edge which is likely to create depression and moreover U.S. too is at the risk of slipping back into recession.

When you muddle along, you have to be ready to pay the cost of it. But ironically, here the price had to be paid by the poor people.  For the last eight years the government is centered on the fact that India’s poor have fallen off the map. Regardless of all the jugglery about where to draw the poverty line, poverty levels declined at the sharpest pace during the 15 years from 1995 to 2010. “Poverty is down from 45.3 percent in fiscal year 1994 to 32 percent in fiscal year 2010, and the literacy rate is up from 52.2 percent to 74 percent in two decades, India’s fastest improvement ever.”