-atishay Jain, 10783017, 4co5

-Atishay Jain, 10783017, 4CO5

“When India attains her destiny, she will forget the chapter of communal suspicion and conflict and face the problems of modern life from a modern point of view. Differences will no doubt persist, but they will be economic, not communal.” -Maulana Abul Kalam Azad

India Empowered – A story of progress  India Denied – The Economic Disparity  Causes of Disparity 

Globalisation , Liberalisation Stunning economic performance Growth rate > 8% $ 145 billion forex reserve from $ 1 billion in 1991 Production of Foodgrains for 1 billion people Abundant human resource, S&T, Skill, IT Along with economic growth, international recognition, respect and

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%

‘Bangalore may be the abiding metaphor of the best selling Indian narrative in globalization but at the same time the cruel reality of Bihar also can not be wished away’. - Aroon Purie, the man behind the India Today magazine empire

Home of 40% of the world’s poor  300 million people earning < $1 a day  150 million households without electricity  30% Indian villages without roads  35% of people are still illiterate  127th rank among 177 countries in human development index of UNDP, 2005 

“India occupies two worlds simultaneously. In the first, economic reform and social changes have begun to take hold and growth has had an impact on people's lives. On the other, citizens appear almost completely left behind by public services, employment opportunities and brighter prospects. Bridging the gap between these two Indias is perhaps the greatest challenge facing the country today.” -Michael Carter, Country Director for India, World Bank



Causes of regional disparity in India can be traced back 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 past colonialism 

 There

are many factors that caused the uneven distribution of wealth many of which are still prevalent.  Careful planning and implementation of economic policy can do wonders in improving 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 