What are the challenges of fostering economic democracy in India?
There is an urgent need for platforms on which to discuss this question in reasoned and dispassionate ways without knee-jerk ideological responses. Several of the social and economic choices that have to be made have second, third and fourth order issues which need to be openly considered from a more sophisticated 21st century view. Q: In this context what do you make of all the excitement about the rise of the Indian economy on the global scene? Most of that excitement is about the ‘visible’ economy. But what really makes it possible is the sweat equity of the millions who make up the true Indian economy. Also let us not overlook that last year the top 2000 companies had combined profits of Rs. one lakh crores, but their contribution to new job creation was minus 18,000. And this would have been minus 87,000 if it was not for the jobs generated by the IT sector. As long as we keep getting ‘Sensexed’ we will not recognize that the true Indian economy is that 93% which is in the unorgan
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- What are the challenges of fostering economic democracy in India?
