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Informative Article | Economics | India | Volume 3 Issue 8, August 2014 | Popularity: 6.2 / 10

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India: Welfare vs Well-being

Dr. Veena Sharma

Abstract: Into the sixty-seventh year of independence shall we find our nation in a few days, a span of a generation; however, the nations state of development yet gives a vibe akin to the ones witnessed under the colonial times: poverty is huge, the government is inept and the economic institutions have failed badly (and unfortunately still exist, undeterred). The main issue with our country has been illogical and quixotic policies aimed at prosperity of the masses. The governments have yet not been able to reconcile with the truth that the benefit of the rich and the common class is not always mutually exclusive. Majority of the investment of the government is in welfare schemes that dont yield any economic return while little goes towards a proper employment creation (industrialisation, etc). Whether these welfare schemes have done the masses any good, is something the whole world knows perfectly clearly. It is time for our government to direct its policies towards actual welfare: creating jobs by spurring investment and bringing about financial and economic independence of it people.

Keywords: Profit, IndianDebacle, Subsidies, Economic Empowerment

Edition: Volume 3 Issue 8, August 2014

Pages: 884 - 885

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