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Market cheerleaders have been euphoric ever since liberalisation
heralded in India. India became a much sought after destination
for MNCs and international financial institutions.
Suddenly everybody was talking in terms of trade and business.
Market and laissez fair was the in-thing. IT has caught the imagination
of the countrys elite. New opportunities were let loose.
But these so called euphoria could not touch a visibly
large section of Indias population. The globalisation unleashed
a new force called market, which was omnipotent and omnipresent.
The domestic market did not remain oblivious to this new phenomenon
and lead to lowering of prices of agricultural goods.
This phenomenon played havoc on the domestic farmers produce
and the state (India) instead of safeguarding their interests, was
busy in cramming the new Bible of international trade.
According to one estimate nearly 1 lakh desperate farmers committed
suicides in the five year period of NDA rule. The current UPA dispensation
came to power riding high on the disillusionment of farmers across
the nation.
But the market forces became too powerful for the weak coalition
governments of today. The promises were broken once again. Nothing
new happened.
In the meantime, the cotton prices crashed which took a heavy toll
on the economy and the lives of cotton growing area of Vidarbha.
The governments lip service could break much ice. And till
date more than thousand of them have ended their lives since the
pro-farmer coalition came to power.
The sorrow of farmers wretchedness and their miserable condition
lingers on when India is celebrating high growth rates, big investments,
burgeoning bunch of millionaires and billionaires.
The sorrow becomes all the more when more than half of Indias
population is unable to garner a pie of Indias new found wealth.
This tumultuous situation begs an answer.
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