The fruits of economic liberalisation reached only a small section at the top while the majority of marginalised sections were negatively impacted by it, said P.L. Vishweshwer Rao, former Dean, Faculty of Arts, Osmania University.
Speaking at a seminar on ‘The Marginalised Sections and the Indian State,' organised by the Bahujan Student Front of the University of Hyderabad, he said never had there been such shocking disparity between the rich and the poor as in the present state. He said millionaires had grown into billionaires and as figures showed, the number of millionaires and billionaires had added up to a total of over 600, owning a total wealth of Rs. 15,32,135 crore.
Other speakers, including Kancha Ilaiah, Director, Centre for Inclusive and Exclusive Studies, MANUU; S. Simhadri, Head Dept of Geography, Osmania University, and I. Thirumali, Department of History, Delhi University, highlighted various aspects where majority of people were suffering.