Foreign Exchange Policy India
foreign exchange policy india
Plight of the poor in India – rich are becoming richer and the poor poorer?
ADSENSE
India boasts of its GDP growth, substantial foreign exchange reserves, top Indians holding high posts in MNCs. But unfortunately India is ranked 84th, below Ethiopia of the % of people below poverty line. How can we solve this situation, and what drastic steps needed. Are we to have a new policy, and change in our political system
Because India has only been an independent nation since 1947, it has not yet had the time to develop a decent economic structure to enable a middle class.
Common to most ‘new’ countries (countries who gain independence from colonization and empires) the process of developing the middle class will take time, influence and a lot of social structure.
Additionally – I think one of the issues that needs to be addressed is that, despite the fact that the Indian government does not like to recognize it, there is still a structured caste system in which an ‘untouchable’ class is not warranted the opportunity for economic development.
One thing I would love more than anything right now in India is a push for a nationalized education system in which all students, regardless of class or economic ability, attend and are warranted equal opportunities for future growth. I think that would work wonders in developing a future middle class and essentially breaking the gap between the poor and rich within the country.
India also needs to reach out to the village communities that are not close enough to a city and utilize the skills in those areas for the benefit of the whole country.
What an amazing question!!! 
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Building Consensus on US Foreign Policy (4 of 5), 2008
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