Corporates are the ones suffering poverty in more ways than one | The Indian Express

Corporates are the ones suffering poverty in more ways than one | The Indian Express

Written by Swami Agnivesh |Updated: May 15, 2019 7:29:18 am

The writer is a Vedic scholar and social activist

Corporates are the ones suffering poverty in more ways than one

Corporates owe banks, and the public, crores. They’re the ones suffering poverty in more ways than one.

Most of our billionaires are, factually speaking, the poorest in India. We do not know the exact extent of debts that our corporate giants own individually to banks. (Illustration: CR Sasikumar)

Language is a unique gift, and it needs to be used with care and integrity. We use words as clichés by habit, without paying any heed to the reality we seek to denote. We refer, say, to some people as very “rich” — our list of billionaires is growing by the day. In the near future, India is slated to sport more billionaires than any other country, including the US.