Growth Trajectory and Disempowerment in India

Pillai, K R (2014) Growth Trajectory and Disempowerment in India. Man & Development, 36 (3). pp. 23-36.

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The Indian economy has accomplished rapid strides in the growth trajectory, ever since globalisation became euphoria in the economic landscape of the country. But much to the disillusionment the fruits of globalization have not been shared to all the stakeholders in a desirable manner. In addition, the country is witnessing an unresolved issue of economic exclusion, deprivation and disparity, despite the decadal policy framework of inclusive growth. The benefits of myriad welfare schemes have not percolated down adequately to the very targeted beneficiaries. A country that embarked on the socialistic pattern of development, half a century before, is displaying ever widening economic inequalities and injustices on social security grounds. Though the country has many things to be proud of, especially in her capacity to withstand the shockwaves of recent financial meltdown to a considerable level, glaring issues still pervade warranting to be addressed as prime concerns. Our country has been an appreciable beneficiary of globalization in the grounds of capital formation, technological acquisition and its diffusion, information dissemination, business competitiveness, infrastructural development and communication network. India is shining due to the extra brightness of a few multi-billionaires, at the cost of marginalization, assetlessness and deprivation of the masses. The proposed paper examines the economic divide in the country over the past two decades.

Item Type: Article
Subjects: Management > MIM Manipal
Depositing User: MIM User
Date Deposited: 07 Nov 2014 05:29
Last Modified: 07 Nov 2014 05:29

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