Inequality, unemployment and in…ation at an all-time high in India, says Parakala Prabhakar
Inequality, unemployment among youth, ination of various commodities and household debt are at an all-time high in the country, said political economist Parakala Prabhakar, here on Tuesday.
Speaking at a national colloquium on the present political situation titled “The values at stake”, organised by Chennai Thinkers Forum, Mr. Prabhakar, who is also the author of the book The Crooked Timber of New India, said there is a serious unemployment problem in India, particularly among youngsters in the age group between 20 and 25. Mr. Prabhakar also quoted a report by the World Inequality Lab and said that inequality in India is at a historic high, even when compared to the British rule.
‘Values subverted’
Speaking at the event, N. Ram, Director, The Hindu Group Publishing Private Limited, said the integral values of the Indian Constitution such as diversity, pluralism, secularism, equality before law, freedom of speech and expression, liberty, equality and fraternity have been subverted in the BJP’s “Hindutva autocratic regime”.
N. Murali and N. Ravi, Directors, The Hindu Group Publishing Private Limited; A.S. Panneerselvan, Fellow, Roja Muthiah Research Library in Chennai; Vijaya Thayanban, convener, and Manimegalai Thirunavukkarasu, member of Chennai Thinkers Forum, were among those who participated in the event.