Slowing economy in India may hit the muslim population of India
Why is the Indian government not taking any measures to safeguard the economically backward muslim population is a surprise. Even though many of our leaders have banked on the votes of the minority community for their ticket to parliament, all we get to hear about is reservations without any substantial reforms to safeguard the actual poor.
THE SLOWING of the economy is no more a mere fear and speculation from the experts anymore - it is a truth. As per reports confirmed by the Indian government on May, the economic growth has seen a major slump in the first phase of the year. While the economy had grown at a high rate of 9.4% between January 2011 to March 2011, this year it had a stagnated growth of 5.3% in the same period. While between April 2010 and March 2011, the economy had grown by 8.4%, the same had fallen to 6.5% between April 2011 and March 2012. For many who were thinking that this was a momentary set back due to the financial turmoil in the Eurozone and India
would soon bounce back, they faced another blow when the Reserve Bank of India Governor Duvvuri Subbarao acknowledged publicly that the "potential for India's economic growth has come down."
While the Indian working class fears the doom of another recession striking the country, it’s the minority community, especially the Muslims, who are troubled the most. Apparently, this might seem like drawing a caste-based inference into an economic turmoil – but a deeper look into the economic disparity between the incomes of various communities will reveal that the fear is not baseless. In a 2006 released report by the government-appointed Rajinder Sachar Committee, it was found that Indian muslims have significantly lower educational levels, incomes and job prospects.
The situation is more aggravated by the fact that the imbalance in Europe has taken a toll in the export sector where the muslim community has a sizable amount of employment. If the export sector suffers more setbacks, it goes unsaid that the companies will cut jobs and pay packages.
It is no surprise that whenever there is an economic crisis, the poorest of the society are hit the most. However, for a country that boasted of both Prime Minister and President coming from a minority community a few years ago, government apathy towards the economically deprived even after 65 years of independence stands as an eyesore.