Socio Economic Empowerment : Inclusion of the marginalized



        The entire world today acknowledges the tremendous potential that India has. International organizations like IMF, World Bank, WTO etc. are speaking a lot on growth prospects of the country. But the current reality is we all are in a sinking ship because a very key component is lacking behind i.e. Rural Economy.

A weak rural economy simply means lack of per capital purchasing power capacity which causes poor industrial growth. On the other hand, a homicidal system of taxation would result in evasion and dwindling revenues as the resources engaged in tax management do not add value to the product or service sold by any business or industry.

 The burden of maintaining Excise & Taxation departments, diverted precious resources for R&D and quality enhancement.

 Actually, all creativity & innovation were directed towards inventing new means of tax evasion, rather than product development and excellence which takes to economically high. High corporate and businesses do so well but inclusion does not set high commitments.

 Now for a three decade period, it was not easy to let people economically empowered. Bunch of reasons are responsible for that, such as technology and entire sector is eliminated. A lot of it has to do with globalization and the rest of the world catching up.
 Also investments that put the curve growing, areas like Education, Infrastructure, energy etc. Well big reasons are income inequality, black money, tax evasions etc. that puts aside from socioeconomic empowerment.

 Then what’s the solution -

Equity, productivity, simplicity, certainty, elasticity and economy are the roots of socio economic empowerment process. And ahead of inclusive growth that is making profitable strategies for tackling poverty and Inequality.

 With that sense, the home grown industry and market has attracted the attention of banks and other financial institutions and some of which have investments that can trigger a rise of a multi-million dollar industry and a big mass production for the poorest countries in the world.

The Thinker -

         Apart from that we should abolish the limiting beliefs from the citizens on hopelessness, helplessness and worthlessness. It is you who could empower everyone in the country to become an economically super power. Govt. should focus in the key potential areas to make the people economically high.
  

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