Sunday, May 24, 2009

India;s Billionaires

India’s billionairesAccording to the latest report of The Forbes magazine, India has the largest number of billionaires in Asia. The euphoria created by the mass media on the rise of an Indian as the richest man in the world and the increase in the number of billionaires, is misplaced. The fact that India has more billionaires than Japan is not something to be particularly happy about. We are conveniently forgetting the fact that in all other walks of life, Japan is far ahead of India.
The prosperity of the country depends on the economic status of the poor and the backward. There is no point in creating a few islands of prosperity in an ocean of poverty. Barring exceptions like Narayana Murthy and Azim Premji, most of the billionaires lead an ostentatious lifestyle and spend very little on philanthropy. How many billionaires spend money on social, educational, charitable and humanitarian causes?
Over the years, the disparity between the haves and the have-nots have widened, which will have far-reaching social ramifications. In spite of the increase in income and wealth, the ultimate aim of peace, tranquility and happiness still eludes us. I earnestly appeal to the billionaires to set apart a part of their wealth to facilitate the all-round development of the country.EM Adithyan, Edapal Disappointing reviews

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