-IndiaResists.com The ongoing debate between two stalwart economists, Amartya Sen and Jagdish Bhagwati, must be joined by those who understand contemporary realities and challenges in terms altogether different from those of mainstream economists. In a recent (July 27) article in Times of India, Bhagwati's co-author Arvind Panagariya characterizes the differences between the two in the following terms. Sen favours education and health measures as being the first steps to tackle poverty...
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Myth of the great Indian growth -Ashish Kothari
-The Hindustan Times India's fabled growth story has just been exposed by an unlikely source - the World Bank (WB). Unlikely, because this institution is one of those most responsible for advocating economic growth as the pillar of development. In a report released on July 17, the WB states that the cost of environmental damage amounts to 5.7% of India's Gross Domestic Product (GDP). This effectively means (though the report fights shy of...
More »Air pollution costing economy Rs 3.75L crore a year: World Bank -Dipak Kumar Dash
-The Times of India NEW DELHI: Only outdoor air pollution in urban areas claims 1.09 lakh lives of adults, another 7,513 of children below 5 years annually, says a latest report of World Bank. The study released on Wednesday revealed that the annual cost of environmental degradation in India is about Rs 3.75 lakh crores, which is equivalent to 5.7% of country's GDP. The study commissioned by the Central government has brought...
More »Environmental degradation costing India 5.7% of its GDP: World Bank -Madhavi Rajadhyaksha
-The Times of India MUMBAI: At a time when many of India's infrastructural projects are caught in the throes of an environment versus development conundrum, a new report released by the World Bank estimates that environmental degradation is costing India around 5.7% of its GDP every year. The report, "Diagnostic Assessment of Select Environmental Challenges in India" is the bank's first national economic assessment of environment-related degradation in India. It analysed the...
More »New strategies needed as rapid urbanization threatens sustainable development - UN report
-The United Nations Without fresh ideas to address rapid urbanization, the number of people living in slums lacking access to basic infrastructure and services such as sanitation, electricity, and health care may skyrocket from one billion at present to three billion by 2050, the United Nations today reported. That wake up call is one of several alarm bells sounded in the UN World Economic and Social Survey 2013, which was launched today...
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