aggravate inequality and poverty

that these policies, termed as the Washington Consensus, would aggravate inequality and poverty. So it had suggested setting up ‘safety nets’ for the poor. But, invoking ‘TINA’ (‘there is no alternative’), the NEP were implemented without safety nets. The NEP were opposed by trade unions, opposition parties and NGOs because of their adverse implications for the marginalised. Bharat bandhs were organised every six months till late 1994. An alternative budget spelling out the alternative to the NEP was presented to an assembly of citizens in 1993 and 1994. Yet, Singh went ahead in spite of these cautionary voices. The NEP were justified on the grounds that the Indian economy was closed and that was why it faced a crisis. The corollary was to open up and align with the Western bloc. The collapse of the Soviet bloc enhanced the relevance of this idea. So, India embarked on marketisation, with the state retreating from the markets. สล็อต เว็บตรง