Dear Arjun, I respect your concern. I gave a thought to your words, I realised that the low cost labour is perhaps the only advantage India had/has, that triggered the revolution, right from manufacturing to services. Govt of India has been giving subsidies to poor people. No where else in this world you can find wheat for 3 rupees a kilo. Mr Birla`s networth is selfmade and that too exists only through shareholding, i.e. he cant use that money without losing his shareholding and is not liquid. If he choses to use that money and lose that shareholding, just that the shares will then be distributed among more shareholders. Still makes no difference to the labour.
In addition to this, making spare money available to the people will only give rise to inflation. Making people employable is more imp that giving them salary hikes.
| NIFTY 
