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Bangalore
‘Economic policy reflects paradox’
Staff Reporter
Bangalore: There is a fundamental paradox that needs to be addressed in our vision for India for 2020, according to Union Minister for Panchayat Raj Mani Shankar Aiyar.
Delivering a talk on “The march to 2020: will India be able to bridge the economic divide?,” here on Monday, Mr. Aiyar said, “India ranks fourth and eighth in terms of the number of dollar billionaires and millionaires respectively. But the Human Development Index ranks us at 126. More than 836 million people live on less than Rs. 20 a day, 200 million people go to bed hungry and we have the highest infant mortality figures among all our neighbours.”
“Our economic policy tends to suggest that to achieve economic growth, the rich must get richer, he said.
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