India - Economic Partner or Problem

Infosys co-founder Nandan Nilenkani..... I might have got that name spelt wrong but I am not mistaken when I heard him being complimented as the Bill Gates of India in an interview with Tom Ashbrook of "On Point" today in NPR. I don't have anything against Mr.Nilenkani but bigwigs like him have become successfully rich because of the lower economics of doing business in India. That leaves me with this question. Have they become the new generation of capitalists with the only goal of making hay when the sun shines. Everyone knows that these business magnets have wads of cash but its unfortunate that wealth resides with the elite few while there is a massive disproportionality in wealth distribution among other strata of society. If the finer details of their wealth compared to the rest of the masses in India are publicised, there would be a warcry on the streets.

The rich people in India are far too rich while the middleclass have got stuck in the rut and their numbers though are expanding, are going to remain in that category for a long time. Politics and attitudes have to go through a sea change, may be by grassroots level awareness.

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