Description

Do the economic policies or the “business model”
adopted by China and India necessarily aggravate
inequalities in income and wealth distribution, and thus
exacerbate social contradictions? While not providing a
definitive answer, the article examines the rising
concentration of income and wealth, the trends in
poverty, employment and unemployment, the nature
and extent of social unrest, and how the rich are getting
richer, aided by fiscal sops, and outlines a feasible
alternative centred on development with equity.