Income gap between rich and poor has widened India is www burberry outlet stores shining for only a select few.
The impressive economic growth of our country has brought smiles on the faces of the rich and the powerful even as the rest suffer in distress and drudgery. This was revealed by the human development report (HDR) released by Planning Commission deputy chairman Montek Singh Ahluwalia on Friday. The report highlights the skewed income and wealth distribution in India and the widening gap between the rich and the poor. Prepared by the Institute of Applied Manpower Research (IAMR), an autonomous body affiliated to the Planning Commission, the report reveals the overall well burberry official online store being of the population based on three indicators consumption expenditure, education and health. The findings of the report are significant as they will be used to formulate the 12th Five Year Plan. "In India, the distribution of assets is extremely unequal, with the top 5 per cent of the households possessing 38 per cent of the total assets and the bottom 60 per cent of households owning a mere 13 per cent," the report states. The disparity is more glaring in the urban areas where 60 per cent of the households at the bottom own just 10 per cent of the assets. Predictably, asset accumulation is minimal among the agricultural labour households in rural areas and casual labour households in urban areas. It is not just the burberry sale items gaping income inequality that is alarming. The difference in the consumption expenditure between the rich and poor households has also increased both in rural and urban areas between 1993 94 and 2004 05. The report paints a grim picture burberry sale online shop on the poverty front. It clearly states that despite the economy growing at 6 per cent this is not enough to reduce poverty in the country. In fact, the rate of decline in poverty in India is not in sync with the high rate of economic growth, which is evident from the fact that the number of poor people in the country has barely fallen over a 30 year period.
In 1973 74, the number of poor in India stood at 332 million. The figure remained the same in the next decade, registering a marginal decline in 1993 94 (320 million) and witnessing a stagnancy in again 2004 05, the report states. The report highlights the fact that despite affirmative action on the part of the government high incidence of poverty persists among the SCs and STs as well as the Muslims.
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