In my opinion, a capitalistic economy is not particularly bad to society. The case of India is a good example where it has both worked for and against it, or, what people say, a double-edged sword.

On one hand, it rapidly fuels the economic growth which in turn creates jobs and ultimately boosts living standards for many. This led to a entrepreneurial growth which now shows in – numerous startups along with innovative small businesses in all over India.

A live example can be shown with the rise of tech giants like Infosys and TCS which is a testament to the entrepreneurial spirit unleashed by market-driven forces. Where millions are lifted out of poverty, while the middle class expanding significantly.

Even so, on the other hand, the chase for profits is worsening the already existing social inequalities.

Which means, the gap that has been between the rich and poor has widened more. Leaving a small section of the population with accumulating wealth while a large section struggles with poverty.

Furthermore, this economic imbalance leads to challenges in areas like education, healthcare, and infrastructure, specifically in the rural India.