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The Analyst Magazine:
Urban Poverty and Corporate Social Responsibility : Of Slumdogs and Millionaires
 
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R Venkatesan Iyengar

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The predicted growth in urban population due to the continuing influx of migrants is bound to concurrently result in an increase in urban poverty and in the number and density of slums in the coming years. India Inc. has a moral as well as social obligation to help governments tackle this problem.


 

One of the unforgettable and hard-hitting moments of the award-winning British movie, Slumdog Millionaire, is, of course, when child Jamal, trapped inside an Indian makeshift toilet, takes a last look at Bollywood superstar Amitabh Bachchan's photograph in his hand and jumps through the toilet hole into the pit below and emerges covered in feces and runs all the way thus to get the autograph from his favorite star. Though the scene is a bit over-the-top and romanticizes the hardship of slum-dwellers, it does convey the idea of the existence of two Indias within the nation-state: the India of haves and the India of have-nots. While the movie was the flavor of the awards season and emerged holding a clutch of awards, including eight Academy (Oscar) Awards, it did make quite a number of upwardly mobile Indians feel conscious and uneasy about what has been the nation's worst kept secret: urban India's dirty underbellyits slums and squalor. And it looks dirtier still when you look at the gaping rich-poor divide.

Mumbai, where the movie Slumdog Millionaire is set, provides the contrast: It is the commercial and entertainment nerve center of India, accounting for 5% of India's GDP, 25% of industrial output, 40% of maritime trade and 70% of capital transactions. It is home to the Bombay Stock Exchange (BSE), the 10th largest stock exchange, and is the headquarters of numerous Indian as well as multinational companies. It is synonymous with Bollywood, one of the largest and leading film industries in the world. However, Mumbai is also home to Asia's second largest slum, Dharavi, which houses about 800,000 people, and more than 50% of Mumbai's population lives in slums.

 
 

 

The Analyst Magazine, Oscar Awards, Multinational Companies, Bombay Stock Exchange, BSE, Corporate Social Responsibility, CSR, Slumdog Millionaire, Global Poverty, Social Security, Economic Growth, United Nations Development Program, UNDP, Slum Area Improvement and Clearance Act, Indian Economy.