Indira R. Acharya
Going by the crowds in the malls and the multiplexes, the rising inflation appears to have no effect on the affluent and the neo-rich. There could have been a dent in their investments but their day-to-day life seems to be least affected. But it is a heavy blow to the majority who struggles to make ends meet on a daily basis.
No wonder that a report states that India, that ranks fourth in the world’s list of dollar billionaires, ranks 126th in the human development. As the private sectors do not have a set guideline, the executives at the higher echelons try to extricate as high as possible while the staff at the other end of the spectrum are dolled out as little as possible. The high emolument is to placate and retain the limited talents.
Those who do menial jobs are always left with “fair” wages as in their case, the supply outstrips the demand. Agriculture, nowadays, has turned out to be nothing but a gamble. Even as there is a steady increase in the neo- rich, so is a rapid increase in the number of poor.
Such lopsided development breeds animosity between the classes. The poor cannot afford to lead a decent life as all their needs go out of reach. The needle of blame for the deplorable plight of the poor tends to point at the rich. How else one can interpret an incident in Bangalore in the recent past? A group of four techies was attacked but without being looted of their money or valuables. It shows the hatred the average Bangalorean harbours against those people who made the city, a home for them for years, unaffordable. On the other hand, the rich generally are apathetic towards the problems of the thousands of the poor around them. Difference between economic classes is natural, but it should not be so wide that the one class ends up with all the pleasures of life leaving the people at other end to struggle for survival.