Ground Realities of Economic Justice in India :
In India continuous efforts have been made to abolish economic disparity and to establish economic justice. Many provisions have been made in the constitution to make the concept of economic justice practically successful. In this regard article 39 is the most important step. Directive Principles of state policy also ensure economic justice. Jamindari system and Privy Purse System of Indian kings were also abolished with a view to establishing economic justice.
Growth Rate :
As a result of all these efforts, provisions, and plans, today India is a country having the highest growth rate. Financial year 2015-16 had a growth rate of 7% which is more than that of china that was 6.5%.
Demonetisation :
When the government of any country put a legal ban on any old currency, this is known as demonetisation. In India the last demonetisation was done on 8 November 2016. The government of India announced demonetisation of ₹ 500 and ₹ 1000 banknotes. The government claimed that the action would curtail black marketing, smuggling, and check on counterfeit cash to fund other illegal activities, and terrorism etc. After this strict action of demonetisation, growth rate of India is expected 8-9% in the coming years.
In spite of the increasing growth rate, the problems caused by the economic disparity still exist. Economic justice can be established in the true sense only when the benefits of high growth reach each section of the society equally. Ground reality is that in spite of the high growth rate, the rich are getting richer and the poor are getting poorer.
Digital Divide :
The country has made satisfactory development, but its dividends are confined to urben belt. Around 65% of the country’s population live in rural area, where in the people still lack digital facilities. The benefit of technology and internet is still beyond the reach of rural people. The factual scene of disparity is known as digital divide.
Make in India :
The plans being drawn in “Make in India” shall bring changes and will bring urban and rural belts on the same level. Even the disease of corruption shall be overcome.
Start-up India :
As a result of start up India, there is a great deal of possibility of radical changes by E-commerce and the result of which shall indirectly reach the poor.
