NEO-LIBERAL REGIME IN INDIA HAS LED TO INCOME INEQUALITY AND FARMERS DISTRESS
THE CRUX OF ALL RECENT STUDIES IS THAT THE RATIO OF RISE IN PEOPLE UNDER ABSOLUTE POVERTY
2023-12-15 11:35
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Neo-liberalism propagates a set of outright falsehoods to present itself in a favourable light compared to the preceding dirigiste regime in India. The basic theme is to suggest that under neo-liberalism there has been such an acceleration of the growth rate of Gross Domestic Product that the people as a whole have become much better off, and vast masses of them have been lifted out of poverty (one particular enthusiast has even claimed that poverty now afflicts only 2 per cent of the population). Of course the dirigiste period was not all milk and honey, and nobody criticised it more trenchantly than the Left; but the claim that neo-liberalism represents an advance over it as far as the people’s living standard is concerned is a preposterous one.