Thursday, January 19, 2012

Why is India Poor?

Published on: May 9, 2011

Poverty in India is widespread in India with 410 million people living under the estimated poverty line set by the UN at $1.25 a day, 100 million more than previous estimates. 75% of the poor are in rural areas, most of them are daily wagers, self-employed householders and landless laborers. The conditions of the poor in certain parts of the country are believed to be even worse than those in sub-Saharan Africa. India is believed to account for one-third of the world’s poor, with daily earnings of less than $2. Even though the GDP growth of the nation stands at 7.2 percent, only 1 percent of the total GDP is directed towards healthcare spending, according to an Oxfam report. A 2007 report by the state-run National Commission for Enterprises in the Unorganized Sector (NCEUS) found that 77% of Indians, or 836 million people, lived on less than 20 rupees (approximately USD $0.50 nominal; $2 PPP) per day.
The poor and hungry have simply disappeared off  the economic radar screens. Except for setting up a  panel on nutrition, Prime Minister Manmohan Singh  is busy battling the economic downturn. Like his  predecessors, barely a day passes when he is not  seen hobnobbing with the industrialists. If  successive governments had devoted just a fraction  of the effort that has gone into propping up trade and industry into fighting hunger and malnutrition, India would not be showing such a dismal ranking in the 2008 Global Hunger Index — a shameful 66th from among 88 hungry countries.
Why is India poor?
India is poor because of the  greedy fox pack of  businessmen, industrialists,  politicians, corrupt  government officers,  selfishness of people who  think of only themselves. I  am saying this because  these so called gentlemen  who have the power and  wealth to bring a change to  the poverty line of India,  actually don’t do anything  about it. Some of those people have deposited their black money in foreign banks, a sum that is larger than the country’s foreign debt. The biggest comedy out of this is that the black money of these thugs is many times more than the annual budget of the Central Government. This huge amount has been appropriated from the people of India by exploiting and betraying them.
Some Indians just love to visit Switzerland every year. If someone wants to know why, take a look at the following statistics:
Swiss Bank Association report 2008 details bank deposits in the territory of Switzerland by nationals of following countries:
Top 5 countries:
India——————$1891 billion
Russia—————-$610 billion
China—————–$213 billion
UK——————–$210 billion
Ukraine—————$140 billion
Rest of the world —$300 billion
If Swiss Bank alone is holding $1.8 trillion, then how much money is lying in other 69 Banks? How much have they deprived the Indian people? This money is the result of sweat and blood of India’s people. The wealth generated and earned after putting in lots of mental and physical efforts by Indian people must be brought back to our country.
With that money we can provide free education to all, eradicate poverty, we can totally change India.
But the F****** MONEY is simply lying and sleeping inside a bank locker. I have no idea what those fat butts are going to do by keeping that money in the bank.

“India has become poorer because India has become richer!”

In today’s economy, people are struggling because those who have the money and means to do anything about it don’t care. To the big businessman it’s in their minds that by increasing prices on everything, they can profit off from their customers. Yet the rich keep getting richer who cares if it hurts someone else they loose their home or family because the price of everything is so damn high. If the rich really wanted to put people in the poor house, just make everything so expensive that only the rich can afford it. Business folk are getting richer making us poor blue collar working folk poorer buying their products. Those cheat crocs will not stop until every nickel comes out of our piggy bank….
If the riches keep on stashing the black money and products, “the rich get will richer and richer and the poor get poorer to starvation and to death”.

But why is that?

First let’s take a look at why the rich get richer. The rich have their money working for them. So, they don’t need to work in order to make money. Their investments provide them with capital gains or passive income. The rich focus primarily on “capital gains” and “passive income” instead of “earned income”. The rich are constantly creating and building assets with the money they have. They create or build more assets to provide them with more sources of passive income. The rich don’t need to worry about layoffs or taking days off because they don’t work for their money. Remember, passive income is the key to becoming wealthy. In addition to this if the rich does not pay taxes and stash the money, they can get more profit. Because of this missing taxes there will be a hike in all basic commodity price which will affect poor and make them starve to death.

The poor on the other hand focus too much on “earned income”. The main source of income for the poor is “earned income”, and it usually remains the same amount for a long period of time. In the meantime, the expenses of thepoor generally increase over time. A new child  comes along, medical bills need to be paid, gasoline  prices keep going up, taxes go up, etc. And while all  this is happening, the amount of money from a poor  persons earned income remains that same. That’s  why the poor get poorer. The make barely enough in  earned income to cover their expenses. The rich on  the other hand make well more than enough in passive income to cover their expenses.
The community which has neither poverty nor riches will always have the noblest principles.
- Plato