ECONOMIC REFORMS AND THE COMMON MAN IN INDIA

This study is based on the hypothesis that the capitalist countries are fully under the control of the capitalists and so is India. Using this postulate, this study shows that reforms in the financial sector coupled with forcible acquisition of land of the small producers and decline in public investment in agriculture bring about a cumulative shrinkage of the unorganized sector enabling the capitalists to grab the market of the unorganized sector and also a larger part of the GDP for their own consumption and investment. This is a matter of grave concern since about 99 percent of Indians derive their livelihood from the unorganized sector. If the capitalists through these means succeed in obliterating the unorganized sector, most of the Indians will be threatened with extinction.