The Indian story of growth has been on the media scanner for over a few years now. The economy opening up, high performance, infrastructure growth, salaries on the rise increasing the disposable income, there are new malls and shopping culture setting in, families with high value for money attitude are changing their outlook. It looks like the best of times.
I was in a a shopping complex yesterday and was seeing signs everywhere, end of season sale buy 2 get 2 free, 50% off flat, etc etc etc. So tempted I walked in and saw a shirt and really liked it, The price tag said INR700 and it had me thinking, what percentage of Indian population can actually spend this kind of money on one shirt... and to say the least, is it a reflection of the developing only for a few, is the 12% growth much talked about actually tickling down???
I have my doubts...
8 year old boys play in a garbage dump, they are paid Rs10 and a meal for collecting scraps for Rs100. exploitation at every level...
Friday, February 15, 2008
INDIA GROWTH
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1 comment:
The communists and socialists call it 'Social Justice' - where the income levels aren't substantially different in the society. Moreover, the difference in the income levels between a 'white-collar' job and a 'Blue-collar' job is very huge in our country!
Nice to see you thinking in these lines! Hope to see more from you in this area!
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