As per world Bank report, world economy will grow at a steady 2-3 %. Our country, India will be grouped under star performers for its 9% growth.
The story is everywhere! People trying to bring the growth saga in every public discussion possible and betting that its effects are going to be miraculous.
What we still have not accounted for is, where this growth has finally been absorbed?
Has it reduced the number of poor? Has it given infrastructure to the deprived millions who are striving to get in the mainstream of economy? Has it promised every child of the country a future to look forward to?
Unfortunately, the answer is no. But, why this is happening? Probably, the ones given the task of growth thought it to be only a matter of figures. A dry growth, devoid of general welfare.
If one thinks carefully, one can trace back this problem rooted in the Education system. The education that we receive makes us conscious merely of the money value rather than the real value. It does little to ensure that we learn to share what we have and care for those around us. This education fails in instilling in our leaders integrity, it fails in making the bureaucrats understand the seriousness of the responsibility they are shouldering. It fails to inspire our economists with a conviction that growth means welfare and not economic gains of few. It's a shame that we still want the trickle down hypothesis to work when we take pride in showing an insatiable appetite for luxuries.
The story is everywhere! People trying to bring the growth saga in every public discussion possible and betting that its effects are going to be miraculous.
What we still have not accounted for is, where this growth has finally been absorbed?
Has it reduced the number of poor? Has it given infrastructure to the deprived millions who are striving to get in the mainstream of economy? Has it promised every child of the country a future to look forward to?
Unfortunately, the answer is no. But, why this is happening? Probably, the ones given the task of growth thought it to be only a matter of figures. A dry growth, devoid of general welfare.
If one thinks carefully, one can trace back this problem rooted in the Education system. The education that we receive makes us conscious merely of the money value rather than the real value. It does little to ensure that we learn to share what we have and care for those around us. This education fails in instilling in our leaders integrity, it fails in making the bureaucrats understand the seriousness of the responsibility they are shouldering. It fails to inspire our economists with a conviction that growth means welfare and not economic gains of few. It's a shame that we still want the trickle down hypothesis to work when we take pride in showing an insatiable appetite for luxuries.
Oxygen… a movement view
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