Friday, March 22, 2013

Plenty for few: India's economic miracle bypasses the poor...

Unlike in China, India's economic miracle has failed to benefit the poor. Instead, the rich are getting richer in thtsis notoriously divided land, and government support fails to reach those in need.

"I'm Princess Shahnaz Husain," India's cosmetics diva says with a hoarse voice as she welcomes guests to her palatial villa in New Delhi and kindly invites them to sit down. Her brown-toned hair is teased into a fiery mane, and her striped red robe glitters just as golden as her high-heeled sandals.

Just a few moments earlier, it seemed unimaginable that anybody could stand out against the florid splendor of this Indian living room. Gilded porcelain swans sparkle under glass coffee tables on Persian carpets. A ceramic dog crouches with its puppies in front of the fireplace. The walls gleam with brightly-colored paintings of floral arrangements in massive, ornate golden frames.


Yet, oddly enough, she alone dominates the entire scene: Princess Shahnaz, who rules over more than 400 beauty salons in India and around the world. Her name adorns beauty creams and shampoos made with ayurvedic medicinal plants, and she sells her products through upmarket stores from London to Tokyo -- in packaging embellished with her image from younger days.

Shahnaz won't reveal her age, but for over four decades she and her company have embodied the Indian economic miracle. Although she grew up in affluent circumstances -- her father was a judge and her mother was allegedly a princess in a royal dynasty -- she owes her commercial success to the rise of India's middle class. Full story...

Related posts:
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  2. Arundhati Roy: Beware the ‘gush-up gospel’ behind India’s billionaires...
  3. Indian malnutrition fund used to fix ... buses!!!
  4. Money sent to help the poor in India ends up in the pockets of corrupt officials...
  5. Class Divide: UK masses slide into poverty as austerity ramps up...

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