Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Rising inequality: A big threat
Tue, 2 Aug Pre-Open

Undoubtedly, the Indian economy has grown well and perhaps it shall continue to do so in the future as well. One of the major contributing factors for this growth has been the economic reforms that the country had embarked upon nearly two decades ago. The liberalization reforms helped the country in several ways. It helped create prosperity in the country. The growth helped in raising the standard of living for millions of people. However, the ugly truth is that it also increased the income gap. The gap between the rich and the poor has only become starker.

The inequalities in wealth and income among people are growing. Opportunity gap is widening day-by-day. As per a new study by United Nations Development Program, inequality in the distribution of human development is distinctly pronounced in India. India ranks 119th out of the 169 countries in the human development index. That too without taking into account factors like access to education and healthcare.

A question that we ask ourselves is what is giving rise to this inequality? The answer to this is the access to opportunity. Certainly, opportunities to factors like education and employment are available to all citizens of India. However, not everyone is able to access these opportunities equally. For instance, this inequality of opportunity reflects in the unequal access to education. And as a result, the income divide is just becoming more pronounced. At the same time, this unequal access to education will lead to lower average worker productivity of the Indian people. This will hamper our GDP growth rate in the long run.

Furthermore, this inequality has started posing another problem. It has created major resentment in a large number of people. This is evident in the growing problem of insurgency in several of the country's regions. Such insurgency can lead to its own problems. The problem of land acquisition is just one of the many problems that have resulted from insurgency.

So how can the problem of inequality be solved? The answer to this lies in the inclusion and skill development of majority of the people. This means that the government will have to start taking concrete actions to follow through on its decisions. For example, merely passing the Right to Education Act in the Parliament will not help. The government must ensure schools are actually being built, teachers are being employed and students are actually able to attend them. Also, the government must take innovative routes, leveraging new technologies for education and skill development. Also, steps must be taken towards improving accessibility of healthcare facilities through public private partnerships.

A new reform towards inclusive growth is now order of day if we want to take next big leap for Indian economy.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Rising inequality: A big threat". Click here!

  

Stock Market Updates

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

Sensex Trades Over 300 Points Lower; Dow Futures Down by 101 Points (Today's Market)

Mar 4, 2021 12:30 pm

BSE Sensex is trading down by 385 points, while the NSE Nifty is trading down by 103 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Mar 4, 2021 (Close)

MARKET STATS