FEATURE
INCLUSIVE GROWTH IN INDIA: WHY STILL A MIRAGE? INTRODUCTION India as on date saves and invests over 35 percent of its GDP. Though this rate helped the growth process keep humming, the naked truth is that the net – poverty, malnutrition, hunger, lack of healthcare and education continues to afflict 70 percent of the population, mocking at the socialist – cum – welfarist philosophy oriented policies of various governments since 1947. This is inspite of the fact that since the dawn of the 21st century, India aspires to become a great power at par with China? India sent even a mission to moon; accomplished an improved but still below global – standard infrastructure; braved the global recession and even has achieved a respectable GDP growth rate of 7.5 to 8.5; there are more than 500m cellular phones; is among the top 10 automobile markets in the world; being the champion of IT and Outsourcing business globally. Yet, India which is rich otherwise continues to be poor with 40 percent of its...