15th November 2022 (7 Topics)
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The shape of the Indian economic pie must change
Context:
- This article ponders upon the idea of bringing reforms in the economic ideology so that majority gets the benefit and not just a tiny minority on the top.
Dead-end ahead:
- Social security in a distorted economy: The task of air distribution of opportunities is difficult for the justice system and the government until the economy generates sufficient employment.
- Conflicting Demands: Governments are struggling to establish a balance between ‘ease of doing business” for capital, and “ease of earning and living” for citizens.
- Reality Check: Every human society must provide a reason for its inequalities else it is in danger of collapse. There still exists a divide between the least favored class and meritocracy.
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