64 years might not be much time, when it comes to assessing a nation’s progress. But it is sufficient enough to discern, where the nation is headed to. Examining India’s report card is an exercise in despondency. One can’t fail being saddened and shocked by so much going wrong at the same time. While, everyone paints a rosy picture of an Asian giant, growing at 9% y-o-y, the real truth is corruption is gnawing at India’s entails, resulting massively rising disparity between the haves and the have-nots.
Numerous statistics and facts, not to mention the frequent scams, point to one big unequivocal truth, India is steadily becoming a nation of a few billionaires and a billion starving mouths. We are not turning into an economic giant, but more of a giant balloon of sham, that can go pop anytime.
If you don’t believe the truth, here are some facts and figures that will tell you otherwise:
- India continues to be among the world’s most corrupt nations. In fact, it has fallen further in the Transparency International index to be ranked at 87 among 180 nations
- As much as 55% of the population suffers multiple deprivations while an additional 16% are vulnerable to multiple deprivations, according to the report
- The gross national income (GNI) per capita measured on purchasing power parity terms for Indian was less than a third of the world average at $3,337 in 2008
- India tops the list for black money in the entire world with almost US$1456 billion in Swiss banks (approximately USD 1.4 trillion) — estimated
- 80% of Indians earn less than 2$ per day and every second child is malnourished
- The total amount of money involved in various scams in India over the last 12 years alone, since 1992, is estimated to be over Rs 80 lakh crore (Rs 80 trillion) or $1.80 trillion!
So what could be the possible reason for this downfall? After all, we are one of the largest democracies in the world. How can the collective go so wrong? The horrible truth is, not only are we the largest democracy in the world, we are also the largest in terms of corrupt governance. Continue reading