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LATEST NEWS UPDATES | India adrift, optimism hard to sustain -Jean Drèze and Amartya Sen

India adrift, optimism hard to sustain -Jean Drèze and Amartya Sen

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published Published on Mar 16, 2020   modified Modified on Mar 19, 2020

-The Telegraph

Prospects of the future damaged by failing development policy to collapsing democracy

The recent estimate of GDP growth for the third quarter of 2019-20, at around 4.7 per cent, has prompted a predictable sense of gloom. However, even the 4.7 per cent estimate is deceptive, since in per-capita terms, the corresponding figure would be just above 3 per cent. This, sadly, is no more than half the growth rate of per-capita GDP that India enjoyed five years ago.

The reasons for alarm, however, go much beyond the slowdown of GDP growth. If anything, there is too much rather than too little concern with growth estimates. We have to look beyond per-capita growth to what the people of India get from economic progress — health, education, social security and other necessities of a reasonably good life.

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The Telegraph, 16 March, 2020, https://www.telegraphindia.com/opinion/india-adrift-optimism-hard-to-sustain/cid/1754027?ref=opinion_opinion-page


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