What are the economic implications of the 'billionaire raj' nurtured by the Narendra Modi government compared to the British Raj
The Congress party claims that the 'billionaire raj' under the Narendra Modi government is more unequal than the British Raj.
- The billionaire raj under the Narendra Modi government is accused of widening income inequality by creating immense wealth for a select few while the majority struggles with poverty.
- Unlike the British Raj which focused on extracting resources from India, the billionaire raj is criticized for favoring crony capitalism and providing undue benefits to certain business tycoons.
- The economic policies implemented by the Modi government are seen as further concentrating wealth and power in the hands of a small elite, exacerbating socio-economic disparities.
- The Congress party argues that the billionaire raj perpetuates a system where wealth is concentrated among a few billionaires at the expense of the larger population, leading to increased inequality and social unrest.
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a year ago