Answer:
Economic
development of a country depends on several factors like country's population
size, global situation, cooperation from other countries, economic priorities
adopted by the country, etc. So far as India in concerned the success achieved
in the area of political eqaulity of all by its democratic set up could not be
achieved in the economic field. We observe increasing inequalities in the
economic scenario.
(i) In India, a small number of
ultra-rich people enjoy a highly disproportionate share of wealth and incomes.
(ii) The share of their wealth in the total income of the country has
been increasing.
(iii) Those at the bottom of the society have very little
to depend up on. Their incomes have been declining.
(iv) Sometime the people of the bottom level, find it difficult
to meet their basic needs of life, like food, clothing, house, education and
health.
(v) The democratically elected government do not appear to
be as keen to solve the question of poverty as people expect from them. The policies
and their applications taken by the different governments of India to alleviate
poverty are not adequate. Thus in actual life, democratic governments in India
are unable to reduce economic inequalities.
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