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**Raj_Copi_Jin** · 07-22-2012, 10:47 PM

TVK - Sorry!!. what you are stating is incorrect. there is a very large middle class, who were poor earlier (200 to 300 Mil) that has benefited from these reforms. if you remember the only people who were the business class in the past was the marwari's & Gujaratis. Now the south indians are leading the businesses & starting IT firms, providing jobs for millions & making a lot of money.

unfortunately despite the fact that communism/socialism has never worked (China has moved to a capitalist economy though they have persisted with a communist government) lot of people keep parroting the same.

Amazing that people have forgotten that in the recent past people were fighting for reservations in Govt Jobs becos there was NO private sector. !!

I tend to disagree because the very middle class has fallen into 'Debt' trap... Our country economy is based on the agriculture... What is the the poor formers paying now for the sake of these upliftment of middle and upper middle classes.. You can see No. agri. lands are converted as plots by these Real estate sharks..Every former who should have been the back-bone of economy is not able find source for their day-today living... which results into migration to urban..The economy our country is slowly moving towards CREDIT based instead of SAVING based...which will bring only downfall..

It is true there more jobs created in IT sector..but it also brought in the IMBALANCE in earning environment... and leads to a society with unequal standard of living.. If private sector is the savior of our economy ..why this sector is not contributing much to the other fields..? except some places where their coffer will be filed..

It is not necessary one should be communist or socialist to see the reality... In China..the economy is in trouble and there are unrest everywhere ... Just because they opened their door for all the muliNatinal to invest.. it does not mean their economy has changed the life style for their citizens except pup&pop culture.. Still they work for more than 10 hrs a day and there is no relief / upliftment for the poor...

Reservations... ?? This will not change & yes.. still people are fighting for 50%..69% etc.etc... It is impossible for private sector to accommodate all the deserving because their main interest will be on the RETURN insted of commitment..

TVK

07-22-2012, 10:47 PM	#7
Raj_Copi_Jin Join Date Oct 2005 Age 48 Posts 4,533 Senior Member	TVK - Sorry!!. what you are stating is incorrect. there is a very large middle class, who were poor earlier (200 to 300 Mil) that has benefited from these reforms. if you remember the only people who were the business class in the past was the marwari's & Gujaratis. Now the south indians are leading the businesses & starting IT firms, providing jobs for millions & making a lot of money. unfortunately despite the fact that communism/socialism has never worked (China has moved to a capitalist economy though they have persisted with a communist government) lot of people keep parroting the same. Amazing that people have forgotten that in the recent past people were fighting for reservations in Govt Jobs becos there was NO private sector. !! I tend to disagree because the very middle class has fallen into 'Debt' trap... Our country economy is based on the agriculture... What is the the poor formers paying now for the sake of these upliftment of middle and upper middle classes.. You can see No. agri. lands are converted as plots by these Real estate sharks..Every former who should have been the back-bone of economy is not able find source for their day-today living... which results into migration to urban..The economy our country is slowly moving towards CREDIT based instead of SAVING based...which will bring only downfall.. It is true there more jobs created in IT sector..but it also brought in the IMBALANCE in earning environment... and leads to a society with unequal standard of living.. If private sector is the savior of our economy ..why this sector is not contributing much to the other fields..? except some places where their coffer will be filed.. It is not necessary one should be communist or socialist to see the reality... In China..the economy is in trouble and there are unrest everywhere ... Just because they opened their door for all the muliNatinal to invest.. it does not mean their economy has changed the life style for their citizens except pup&pop culture.. Still they work for more than 10 hrs a day and there is no relief / upliftment for the poor... Reservations... ?? This will not change & yes.. still people are fighting for 50%..69% etc.etc... It is impossible for private sector to accommodate all the deserving because their main interest will be on the RETURN insted of commitment.. TVK
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