These studies have no meaning as incomes of people in India are highly under-reported.There is wide scale theft of taxes.Corruption is another cause.Taxes are too high and too many.According to some estimates India's actual GDP may be almost double of official figures. There is heavy skewness of income.Just 5% of Indian population are cornering 70% of Indian GDP. Actually 50% people are poor and more and more are getting poor. The prices are on a naked and unchecked bull run and governments in centre and states are simply looking other way struck by western glamour and rapid development dreams. Making huge expenses is not development. Indians are on spending spree and running after glamour. There is no regulation in country left on prices and manufacturing and services costs.In badly managed welfare schemes thousands of crores are wasted every year.The money is going in hands of few and is being siphoned off from country. India was never so badly and loosely managed. It is time to put breaks on this madness and resort to basic reforms and regulations to have moderate prices and moderate growth rate that only suits India like countries. There should be severe action to curb corruption making life sentence to husband & wife and confiscation of entire property to national exchequer. Country is not developing when prices are rising,corruption is rising and law & order is down with useless judicial system.Yesterday Chairman of MCI was caught for
