Rising inequality is a concern: Manmohan
Former prime minister Manmohan Singh said on Monday rising inequality was a concern and the country cannot allow extreme poverty or economic disparity as it is a welfare state.
Speaking at the release of a social development report titled 'Rising Inequalities in India, 2018', Singh said some regions and social groups were extremely poor and vulnerable despite various anti-poverty programmes and affirmative policies being followed.
The former prime minister said India was one of the fastest-growing economies in the world today, but the high rate of economic growth had also been associated with rising inequality, including economic, social, regional and rural-urban inequalities.
"Rising inequalities concern us because adverse effects of economic, social and political inequalities can prove damaging to our march towards accelerated, inclusive and sustainable growth," he said here.
Singh described the rising inequality as a global phenomenon, with the exception of countries like Sweden, ..