Abraham George points out to recently released statistics by National Commission for Enterprise in Unorganized Sectors and argues that the trickle down claims made by proponents of economic liberalization is plain wrong.

These statistics are very revealing of the state of India’s economy. 1-2% of the country’s population in the private organized sector is reaping much of the fruits of the recent rapid economic growth. Increased wealth and income remain mostly within this small minority; the gap between them and the rest of the nation is widening by the day. Those who have accumulated immense wealth are in a position of power and influence to further enhance it, often without sharing much with anyone else. The economic and social system seems to be inequitably structured and in the end, most Indians are unable to partake in the benefits of the aggregate growth in the economy.

Thanks to Ajit for the hat tip.