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Showing posts with the label GLOBALISATION

INDIA VS BHARAT

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Few countries in the world exemplify this spirit as much as India. Unfortunately, very few countries in the world can also claim to exhibit the level of financial and economic disparity that India has. In major population centres across India, the rich and poor live in such close proximity to each other that it almost feels as if they were deliberately promulgating the disparity that exist between the social classes. India’s richest man, Mukesh Ambani, for example was recently criticised for building the world’s most expensive house in Mumbai named Antilia. Antilia is a private 27-storey building – valued at more than US$1 billion to construct – that towers over some of the city’s poorest slums. According to Dean Nelson of the Telegraph, the number of multi-millionaires in India is also expected to triple in the next five years together with a “fivefold increase in net worth” for this elite group of Indians. At the same time, India has one of the highest levels of poverty in the wo...