Advertisement

Help
You are here: Rediff Home » India » Business » Report
Search:  Rediff.com The Web
Advertisement
  Discuss this Article   |      Email this Article   |      Print this Article

Poor unaffected by economic boom: Tharoor
 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
Advertisement
October 31, 2007 15:17 IST
Well-known author Shashi Tharoor, who was in the race for top UN post, on Wednesday said buoyancy in the stock markets and robust economic growth have not touched the lives of poor in India.

"The day Sensex touched 20,000, multiple thousands were marching on Delhi roads for land reforms," Tharoor said.

Addressing a session on 'Globalisation - Winners and Losers' at the Fortune Global Forum in New Delhi, Tharoor cautioned that globalisation has not been effective in tackling issues of poverty. "Poverty issues in India are about what globalisation does not touch," he said.

On the issue of changing attitude of developed countries towards globalisation, Tharoor said, the goal posts were often shifted.

He referred to recent protectionist voices raised in the developed world against outsourcing of services and manufacturing to the developing world.

The same attitude is being shown in the Doha Round of WTO for opening global trade where rich nations are becoming protectionist about their economies while seeking to put higher obligations on the developing world.


© Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 Email this Article      Print this Article

© 2007 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback