Economic Growth Alone Can Solve The Crisis Of The Poor

[Scorpion's Sting]

I've been thinking about this topic lately. Do you think that economic growth can solve the poverty crisis? Or will it just result in widening of the rich-poor gap i.e., the rich get richer and the poor get poorer?

[akhilis2cool]

kya miyan bahut phursat milti kya college mein yeh sab cheezon ke bare mein sonchne ke liye?





economic growth is what we`ve been trying to achieve for the last 50 + years.

it has been a mixture of poor planning and even bad implementation of the plans that has lead to what we are today. only in the last 10 -15 years has the economy looked better.

[Sharjeel]

The growth in economy will only help the upper strata of society.



Economic growh does help the poor/working class but it takes a lot of time for it to get through to them.



What we need more Urgently is for the people to Stop Evading Taxes, which will help the Govt. so it can implement the many schemes it has started up for the poor people.

[Scorpion's Sting]

What we need more Urgently is for the people to Stop Evading Taxes, which will help the Govt. so it can implement the many schemes it has started up for the poor people.

What you say maybe true but these "taxes" have to pass through the pot-bellied politicians first so that it can actually reach the ppl. There are so many levels it has to pass through that by the time it reaches the stage where it is supposed to be used there is nothing left of it. (I hope you understand what I am trying to say)

economic growth is what we`ve been trying to achieve for the last 50 + years.
it has been a mixture of poor planning and even bad implementation of the plans that has lead to what we are today. only in the last 10 -15 years has the economy looked better

Even then a significant amount of population still lives below the poverty line. Compare this to other South-East, East Asian countries such as Singapore, Malaysia etc. Though they were liberated after India they have managed to turn into well-developed countries of the world. Why has India not been able to achieve the same sort of growth? Corruption? The viscious circle continues.....

[Sharjeel]

What you say maybe true but these "taxes" have to pass through the pot-bellied politicians first so that it can actually reach the ppl. There are so many levels it has to pass through that by the time it reaches the stage where it is supposed to be used there is nothing left of it. (I hope you understand what I am trying to say)

Yes, but for the Rakshasha to come and take away my child, I must first have a child.



If people pay taxes regularly, then the money will eventually make their way to the people, politicians and corrupt people notwithstanding.

[Scorpion's Sting]

If people pay taxes regularly, then the money will eventually make their way to the people, politicians and corrupt people notwithstanding.

thts the entire viscious circle...the ppl dont pay taxes thinking that the politicians are gonna eat 'em all up therefore there has to be a change in the mental attitude of the ppl as well as the bureaucracy (Am i expecting too much here?)

[Mayavi Morpheus]

The growth in economy will only help the upper strata of society.

mmmm... economic growth doesnt mean that rich get richer and poor get poorer , it depends on growth contributors.
Last year India saw a 8% growth in economy. Most of it is due to a good monsoon, which implies that the farmer class prospered and not the upper strata.

Or will it just result in widening of the rich-poor gap i.e., the rich get richer and the poor get poorer?

This doesnt make sense. A growing economy benefits all strata, not just rich.

Industrial development leads to increase in employment oppurtunites for skilled and unskilled workers - the middle class people and poor people.

All developed nations have a huge middle class population.

[akhilis2cool]

the govt. has made a lot of plans over the past several decades. but wheres the implementation? no point having brilliant economists in the planning commission if there work is only going to increase the no. of books in there offices.

Indias major problems have been, poverty, population explosion, illetracy and corruption. the politicians make policies that benifit there party and not the economy (best eg. being free power to farmers). if only they understood that the ppl. wld. bring them back to power if they did a good job, things wld. have been very different. lekin agar unke paas dimaag hota to woh politicians nahi bante.

[DQ]

We need a Laloo to set things right. Beleive me await the next year and see how the railways improve. He knows how to run the country.

[akhilis2cool]

We need a Laloo to set things right. Beleive me await the next year and see how the railways improve. He knows how to run the country.

DDDUhhhhh.

[Sharjeel]

If people pay taxes regularly, then the money will eventually make their way to the people, politicians and corrupt people notwithstanding.

thts the entire viscious circle...the ppl dont pay taxes thinking that the politicians are gonna eat 'em all up therefore there has to be a change in the mental attitude of the ppl as well as the bureaucracy (Am i expecting too much here?)

No you are not. It does take time, but as we keep our end of the bargain, pay our taxes and stop paying bribes, then eventually the society turns around.

mmmm... economic growth doesnt mean that rich get richer and poor get poorer , it depends on growth contributors.
Last year India saw a 8% growth in economy. Most of it is due to a good monsoon, which implies that the farmer class prospered and not the upper strata.

What you mean is that the good monsoon helped the crops (and the economy). If the farmers got any advantage out of it, i doubt very much.

[akhilis2cool]

farmers do get benifit from a good monsoon. and even today agriculture contributes a lot to the GDP (arnd. 28%) so if the farming sector does well other sectors wld. follow.



I think wht. u r tryng to pint out is the menace caused my the middle men and the money lenders....that does need to be solved.

[Mayavi Morpheus]

What you mean is that the good monsoon helped the crops (and the economy). If the farmers got any advantage out of it, i doubt very much.

mmm... crops dont grow by themselves, harvest and go to market to sell themselves

If there is economic growth due to agriculture sector, then it means that the farmer has benefitted.

[Sharjeel]

Welcome to the new world, then.

[Mayavi Morpheus]

Can you elaborate pls.

[Sharjeel]

Welcome to the real world, I meant.



Read Akhils post for explanation.

[Mayavi Morpheus]

aah.... we posted at the same time I guess.

The situation is bad, but not that bad. Farmers do make profits and midlemen eat into the profits. The margins are low, but when there is a bumper crop it doesnt really effect them much.

[CtrlAltDel]

as long as our population grows, no economic growth wud help the poorer section.



the SE Asian countries someone mentioned above have the advantage of less population, as do all the developed countries.



no govenrnment efforts wud help if ppl dont stop reproducing like rabbits.

[Sharjeel]

When there is a bumper crop and everything goes well, the farmer will live for another year. If not, he dies. Period.



Sorry if I seem to focus on the farmers so much, but as you two have already told, agriculture is the life-blood of our Dear country.

[Scorpion's Sting]

Sorry if I seem to focus on the farmers so much, but as you two have already told, agriculture is the life-blood of our Dear country.

^^ Isn't it ironic? That agriculture is the life blood of our country but it because of this agricuture that our country is under-developed. Check any economic indicators and reports, they will tell the same thing that India will continue to remain underdeveloped as long as we are agriculture oriented. So we should try to gradually move away from that and Naidu tried to do the same thing and lost. Now the govt is moving to the other extreme by offering electricity, reservations in pvt sector,etc,.

[akhilis2cool]

agriculture used to contribute as much as 50-60% of the GDP. but that was long back.



rite now it is the manufacturing and services sector that do most of the contb. but agriculture is still very important as it provides not only the necessary food supplies but also a lot of its produce is used by the manufacturing and services sector.....if the prices of agri. products remain under ctrl. other sectors will benefit from it and ultimately the consumer will benifit.

but the sad thing abt our agri. sector is ts over dependence on the monsoon. proper irrigation only can solve this problem. several ppl. in the villages of india have come-up with low cost high effect techniques of farming and irrigation. these guys need to be encouraged.



for growth to come a lot of things have to happen simultaneously....

[Sharjeel]

Right. And there is nothing which says that Agri based society cannot be strong.

[Habitual Perfectionist]

For once, I completely agree with DQ. Cliches apart, Laloo has been doing wonderful as Railway minister. Pooh Pooh on NDA for bringing out the tainted minister controversy for someone who is performing.



As for the eonomy, we are not in that bad a position at all. India is a very young country - barely 57 years old. Its unfair to compare our economy with that of developed countries. Give it some more time and things should look great.



About the thrust on agriculture, remember that India has vast agricultural resources at its disposal. Instead of giving free power to the farmers, steps should be taken to introduce more advanced farming techniques. Countries like Australia, Canada etc. still depend heavily on agriculture and its ancillary industries. Agriculture, just like other sectors, needs a big revamp.



Finally, education, population and employment are issues that have a big bearing on the economy. The government needs to wake up to these challenges in order to set things right.



The other side of the coin - People also need to understand that such things cannot happen overnight and the government alone is not solely responsible for steps in this direction. We all need to contribute in whatever way possible towards this.

[Mayavi Morpheus]

Whaaaa....? What wonders did lalu do? He is screwing up the railways with his populist policies.

Banning plastic cups and brining in Clay kulhaars (which will lead to a ecological disaster) and sudden raids of railway offices to catch late comers is not going to improve the passenger safety of railways or modernise railways and make it profitable.

Introduction of clay kulhaars is a major step in the backward direction.

[Habitual Perfectionist]

Whaaaa....? What wonders did lalu do? He is screwing up the railways with his populist policies.
Banning plastic cups and brining in Clay kulhaars (which will lead to a ecological disaster) and sudden raids of railway offices to catch late comers is not going to improve the passenger safety of railways or modernise railways and make it profitable.
Introduction of clay kulhaars is a major step in the backward direction.

All I can say is wait-n-watch.