Madhukar Shukla has written a wonderful piece on this phenomenon of two different India co-existing together.He calls the upper and middle class as the visible India, and the rural so called below poverty line or struggling citizens as the invisible india.
Here’s a brief of the post:
* Visible India contributes substantially to India’s GDP. For instance, during 2004, its inhabitants downloaded ring-tone worth Rs. 400 crores (Rs. 4bn) on their mobile/cell phones, and they contributed an estimated Rs. 1500 crores (i.e., Rs.15bn) to GDP during Valentine Day, and so on…
* The inhabitants of the Visible India also like words such as “privatization”, “globalizations”, “competitiveness”, etc., which they see as signs of progress and development.
* Citizen of the Visible India like to live on debts – credit cards, consumer finance schemes, loans, etc. – the higher the debt, the greater one’s “credit worthiness”.
On the invisible India
* About 92-93% of India’s active workforce lives in this reality… Actually, they live in slums, shanties, and villages
* Most of the workers in India’s 3.2mn SMEs – that accounts for India’s 40% of manufacturing sector and 36% of exports – are also a part of the Invisible India (in 2003, when the India’s pharma company, Ranbaxy Ltd. registered $960 in its overseas sales, Dharavi – Asia’s largest slum in India’s financial capital, Mumbai – exported goods worth an estimated between $690 and $1.84bn).
* The Invisible India also accounts for the bottom 10% of India’s population which owns 1% of country’s assets (as compared to the top 10% in the Visible India who own 48%).
* …and account for 60% of India’s GDP!To read the complete article click here .
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