Socialist,Capitalists or Communists?

We call ourself a mixed economy as we have the characteristics of both socialists and capitalists economy.I am not an economists but still as a responsible citizen i would like to raise some issues related to it.


When we talk about economy,our attention straight goes to the GDP and per capita income.Lets keep the technical aspects of economics out of the context of society and human development.


Economy is for public and depends upon it.What we are listening that these days that our economy is growing at a rate of 6.5% approx as recession is ending gradually and employment market is improving.At the same time we are facing inflationary pressures which is currently at 4.5%.

Higher class and higher middle class and lower middle class group can absorb the pressure of inflation to a certain limit but what about those who fall below Below Poverty Line(BPL).We know the government has provided them a scheme of guaranteed rashan of certain quantity at subsidized rate but still people are unable to derive benefit out of it.May be the reasons are corruption,black marketing,lack of awareness among poor,bad governance etc.


Tell me all you guys what these people would do with the sensex and nifty.If you ask them what do you think about BSE,they would definitely think that they are suffering from starvation and you are asking him about BSE which is completely a unique word for him.

My main purpose of this post is that we need growth but more what we need is social development.If that is not achieved other would be meaningless.Think about it.