India's growth rate is bridging gap between rich and poor.

The world has seen a rapid growth in Indian Economy, people have become wealthier, job opportunities have increased significantly and growth in the foreign investment has led to Indian Economy’s boom. But is the economic growth bridging the gap between the rich and the poor section or is it just benefiting the rich section of society?

For-

- There is a substantial increase in the GDP and per capita income.
- The rapid growth in the economy has ultimately led to the increase in job opportunities as a result people from every section are being employed.
- This fast economic growth has resulted in an increase in the education awareness among the common people and this in return has let to improved literacy rate of India.
- The funds coming from the rich section is being utilized for the development of economic status of the poor section.
- Everyone in India is getting a fair and equal shot at every job opportunity that rises, thus making poor equivalent to rich.

Against-

- Farmer suicides continue, 90% people still live in strife and penury in rural area.
- The rise in GDP is because of the increase in expenses on medicines, drugs, liquor etc. This is a negative GDP
- The statistics suggest that the differnce between the earnings of top 10% and bottom 10% has increased hugely in last 20 years.
- 70% of the population in India still can't spend more than 40 Rs/- per day.
- Still there is an unequal distribution of income in Indian Economy, the rich keep on getting richer and there is no such improvement in the condition of the poor.
- Employment opportunities have increased but are limited to some sections. As a result a large section of poor people are unemployed.
- There is very scarce means for connectivity of the rural area form the urban area.
- The rate of decline in poverty is not in synchronization with that of the economic growth.

India’s growth rate is widening the gap instead of bridging it. The wealth is limited to certain pockets, lack of proper education and rapid increase in the population are some of the reasons that stand out. Programs should be organized to increase the moral of the societies which should help reduce the gap between the rich and poor.