Last week the architect of Indian economic reforms and present day P.M of Indian Dr.Manmohan Singh pleaded before the Indian Inc to limit sky rocketting ceo salaries and to ensure to limit unlimited consumption and indescent levels of glamour shown in life styles.Here comes the dilemma it was the very same prime minister who s reforms as the finance minister has lead to this pattern of growth.He was the one who flagged off an era of increasing salaries.Last decade there has been more than one lakh farm suicides alone in the countryside. India produced 83000 high income earners who earn more than one million ruppes per year.The highest income by an Indian CEO is about 15 crore per year where as the lowest income holder in Indian economic spectrum earns around a ten thousand times lesser.Indian agriculture is in total disaaray with fall in production where as more and more farm suicides gripping countryside.The solution to this issue is suggested as “corporate farming allowing big players in farming sector” farming should not be viewed as a source of food security alone but as a livelihood for seventy percent of indians.On the other day i was having chat with my friend who said India is importing wheat as food production has gone down but the real reason is the neo liberal policies blindly pursued.The indian government is relunctant in procuring wheat from indian farmers in the name of fiscal prudence where as import s low quality wheat from foreign companies.Farmers are made to sell the produce for low price which is eventually goes to the hands od big-wigs like reliance which finds it way toonline trading of food products.The whole public distruibution system is in total disarray with the central government suggesting simillar policies to all state governments too or else preventing fiscal allocations to state s failing to implement these policies.
Thus the whole system has ensured that the whole food security of the nation is affected and has affected the livelihood of millions across the nation.Hey but the finance minister P.chidambaram,Montek Singh Ahluwaliya will argue about raising GDP as the barometer for economic growth.
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