-The Hindu Chennai: India's economic boom in the first decade of the 21st Century coincided with an increase in the magnitude of poverty, economist Prabhat Patnaik said here on Saturday. "There has been a period of positive growth as far as the GDP is concerned. But during this period , there has been an increase in magnitude of absolute poverty," he said. "While the Planning Commission insists that proportion of population below...
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How GDP understates economic growth-Bill Gates
-The Guardian GDP may be an inaccurate indicator in sub-Saharan Africa, which is a concern for those who want to use statistics to help the world's poorest people Even in good financial times, development aid budgets are hardly overflowing. Government leaders and donors must make hard decisions about where to focus their limited resources. How do you decide which countries should get low-cost loans or cheaper vaccines, and which can afford to...
More »Services sector contributes Rs 2.98 lakh crore to Delhi's GDP
-PTI NEW DELHI: The services sector contributed a whopping Rs 2.98 lakh crore to Delhi's gross domestic product (GDP) of Rs 3.65 lakh crore in 2012-13, keeping its position as the main driver of the city's economy. The services sector, which includes real estate, hotels, restaurants, banking, insurance, wholesale and retail trade, accounted for 81.54 per cent of Delhi's total GDP in 2012-13 compared to an 81.62 per cent contribution in 2011-12,...
More »Remarkable Declines in Global Poverty, But Major Challenges Remain
-The World Bank WASHINGTON: The number of people living on less than $1.25 per day has decreased dramatically in the past three decades, from half the citizens in the developing world in 1981 to 21 percent in 2010, despite a 59 percent increase in the developing world population. However, a new analysis of extreme poverty released today by the World Bank shows that there are still 1.2 billion people living in...
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KEY TRENDS • According to National Sample Survey report no. 583: Persons with Disabilities in India, the percentage of persons with disability who received aid/help from Government was 21.8 percent, 1.8 percent received aid/help from organisation other than Government and another 76.4 percent did not receive aid/ help *8 • As per National Family Health Survey-4 (NFHS-4), the Under-five Mortality Rate (U5MR) was 57.2 per 1,000 live births (for the non-STs it was 38.5)...
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