India is facing a scarcity of food grains. The prices of cereals, pulses, edible oils and vegetables are sky rocketing making life miserable for common man. Millions are starving and languishing in abject poverty.  Economy grows but doesn’t reach the pastures of privation. The gulf between the affluent and the penurious, eventually has become unbridgeable.

The incongruity between the privileged and the deprived is unwittingly magnifying in spite of the galloping economy. There is a certain mystique about it that couldn’t be traced and solved by conventional knowledge.  Augmented economy is all about the expansion in job opportunity. If technology cuts jobs, reducing the use of manpower, can it be called a blessing? The more we think that economic growth is guaranteed and that risk and uncertainty are receding, the more 

The risk actually takes various intricate shapes, especially in a country like India where there is high population. For instance, with the indiscriminate proliferation of industries, innumerable working people are out of their earnings. There is absolutely no market for the wares and articles they can produce individually by dint of their traditional expertise. People, thus jobless, are not skilled otherwise that they could be immediately absorbed in different other modern businesses either. Ultimately, despondent, they lose all enthusiasm and urgency for further training to start anew.

To separate the unorganized sector, under the prevailing cir¬cumstances, sounds logical. Leg-islation safeguarding its exclusiveness could energize its domestic market, which alone is evidently large enough for sustaining its weak contenders. Having deeper and wider involvement of the masses, economy would get into its stride. Any disturbance in the international market exponentially affects the struggling markets of the developing economies. Its negative impacts on them bring suffering to ordinary people with cumulative effect. Hence, commodities which have a promising domestic market should not be ineluctably linked with the global market.

The contribution of the agriculture sector in the Indian economy was 60 per cent before independence. Sixty years on it has come down to 20 per cent only. Many farmers are now dis-posing of their land at throw-away prices and escaping from then villages to the urban areas in search of livelihood. Farmers have watered the roots of our civilization and national identity by the sweat of their brows.

The future of the economy may look very good in long run but the cost may be quite a lot as the way in which we use the present is going to make the future. The free market economy in our country has raised the standard of living of 30 per cent people only. But it has also increased corruption and made the poor poorer. It accordingly, remains to be seen whether it can purge itself of the dross and thereby raise the incomes of ordinary people. The adverse effect of our advancing economy is convertible into a pervasive as well as persistent benefit by the combined power of the economic growth factors. Welcome to the world of high economic growth.