World Bank's latest estimate on global poverty states that India had 828 million people, or 75.6% of the population living below $2 a day. Sub-Saharan Africa, considered the world's poorest region, due of its geographical location and reasons, is better placed; it has 72.2% of its population (551m) people below the $2 a day level. Sub-Sahara is a desert and has extreme climatic conditions were life and vegetation is difficult to survive. However, Indian scenario is different and the geographical location and Area, climate and resources (mineral, agricultural, vegetation, and climatic) are conducive for production of goods and services. India, according to the new estimates, had 456 million people or about 42% of the population living below the new international poverty line of $1.25 per day. The number of Indian poor also constitutes 33% of the global poor, which is pegged at 1.4 billion people. India is home to roughly one-third of all poor people in the world.
In the year 1976 Congress Government through a Constitutional amendment, amended the Preambles (the basic structure) of the Indian Constitution and added the words, Socialist Secular to Sovereign Democratic Republic. Then no Indian name was there in the list of top 100 capitalist’s of the world.
Out of 63 years of independent India, Congress party has governed the country for over 53 years . The Party which had won the 2004 general election on the slogan “Congress Ka Haath AAM ADMI Ke Saath, meaning thereby that “The Congress hands are with the Common man”, has done little for the common man. In fact this has become just an slogan to attract vote.
In the year 1991 Shri. Manmohan Singh the then finance minister and currently the Prime Minister of the Country began the economic reforms in India. The World Bank's latest estimates on global poverty shows that the rate of decline of poverty in India was faster between 1981 and 1990 than between 1990 and 2005. This shows that economic reforms, which started in 1991, have failed to reduce poverty at a faster rate. There are 83.5 Crores Indian’s who earn less than Rs. 20 per day. The gap between common man and Capitalist’s has widened. In the list of top 50 capitalist of the world there are as many as 7 Indian’s. According to the World Wealth released by Capgemini and Merrill Lynch Wealth Management, while most countries in the world have increased their "High Net-Worth Individuals" High Net-Worth Individuals . Count, India has more than doubled it – maximum compared to any other country in the world. . Congress party acting against the spirit of the Indian Constitution to build Socialist India has in fact helped the capitalists to amass wealth. Whether it is a Govt. of the common man or special people can only be decided by the people of India.
