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Dominance of Wealth – Against the Spirit of the Constitution

Over the past three decades, economic inequalities in India have dangerously escalated due to privatization. The Indian Constitution promises social, economic, and political justice to every citizen, envisioning India as a “Social, Secular, Democratic Republic.” However, only a select few are reaping the benefits of development, while the majority are left dependent on government subsidies. According to the Hurun India 2025 Report, wealth worth ₹98 lakh crore, equivalent to one-third of India’s GDP, is concentrated in the hands of 284 billion-dollar billionaires. Telangana ranks third among states with the highest number of billionaires, with 18 in Hyderabad, none of whom belong to the BC/SC/ST/Minority communities. The list of Telangana’s 18 billionaires and their castes is as follows:
  1. Divi Murali (Divi’s Labs) – $10 billion – Kamma
  2. P. Pitchi Reddy – $5.8 billion – Reddy
  3. T.V. Krishna Reddy (MEIL) – $5.6 billion – Reddy
  4. Pratap C. Reddy (Apollo Hospitals) – $3.3 billion – Reddy
  5. V.V. Ramprasad Reddy (Aurobindo Pharma) – $3.3 billion – Reddy
  6. B. Partha Sarathi Reddy (Hetero Labs) – $3.1 billion – Reddy
  7. K. Satish Reddy (Dr. Reddy’s) – $2.3 billion – Reddy
  8. Subrahmanyam Reddy (Aparna Constructions) – $2.1 billion – Reddy
  9. C. Venkateshwar Reddy (Aparna) – $2.1 billion – Reddy
  10. M. Satyanarayana Reddy (MSN Labs) – $2.1 billion – Reddy
  11. GMR Family – $1.7 billion – Vaisya
  12. Jupally Rameshwar Rao (My Home) – $1.7 billion
  13. G.V. Prasad (Dr. Reddy’s) – $1.6 billion – Reddy
  14. Mahima Datla (Natco) – $1.5 billion – Raju
  15. S. Vishweshwar Reddy – $1.1 billion – Reddy
  16. V.C. Nannapaneni (Natco Pharma) – $1.1 billion – Kamma
  17. Jagdish Prasad Aluru (HBL Engg Ltd) – $1.1 billion – Raju
  18. Venkat Jasti (Suven Life Sciences) – $1.07 billion – Kamma
This list lacks any representation from BCs or other marginalized communities, signaling not just a warning but a betrayal of civil rights. Wealth creation is primarily concentrated in sectors like pharmaceuticals, real estate, cinema, media, private healthcare, education, infrastructure, contractors, jewelry, cement, and logistics, all dominated by upper castes for decades. Access to these sectors is not easy for oppressed BCs, leading to a situation where “the rich get richer, and the poor get poorer.” This not only fuels economic inequality but also undermines social harmony. The development of historically oppressed communities remains confined to slogans and books. Privatization has led to changes in labor laws, stripping workers of job security. Despite India reaching a $4 trillion economy, the per capita income remains below $3,000, reflecting the dire situation of the majority Bahujans.

To realize the Constitution’s goals, wealth redistribution and economic policies aligned with social harmony are essential. Otherwise, development will remain limited to a few, leaving poverty, unemployment, ill-health, labor exploitation, and humiliation as the “real India” for the majority. The concentration of power and wealth in upper castes has stifled opportunities for Bahujans. To change this, political power must shift to Bahujans, and government policies need reform. The nation’s wealth belongs to every citizen born in this country, not just a select few. Bahujan political empowerment is the solution.
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