For the last 2o years Indian economy has witnessed a high growth spurt.
Get rid of "has." You don't need it.
They are nothing but, economic refugees.
Get rid of the comma; this is a comma splice.
Speeding lives, destructive markets, and a state communist government overshadows the painstaking lives Rickshaw worker has to go through.
"Rs5 more sir, please," the arguments never seem to end
harbours the need of Rickshaw workers.
I don't think its bad at all. Just a few grammatical errors here and there.
Also, you said the Indian economy had a growth spurt. The next few sentences seem to counter that argument. Maybe I'm not well at keeping up with news, but maybe you want that opening to be a little clearer :)