It seems that a long-drawn-out battle among economists about economic growth trickling down into development has found some solid answer. A recent paper published in the Lancet Global Health journal (April, 2014), which has been jointly written by a team of experts based on evidence from 121 Demographic and Health Surveys from 36 low-income and middle-income countries shows that there exists little or no association between increases in per capita...
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India ranks 102nd among 132 countries in Social Progress Index 2014
-SocialProgressImperative.org The 2014 Social Progress Index reveals striking differences across countries in their social performance, highlights the very different strengths and weaknesses of individual countries, and provides concrete guidance for national policy agendas. The Index is the sum of three dimensions: Basic Human Needs, Foundations of Wellbeing, and Opportunity. Each dimension is made up of four equally weighted individual components scored on an objective scale from 0-100. This scale is determined by...
More »Growth is not a victim of the UPA, it is the other way round -Maitreesh Ghatak and Parikshit Ghosh
-The Hindustan Times If the opinion polls are to be believed, the UPA is facing a rout in the coming Lok Sabha elections. One explanation, popular in the media, goes something like this: The UPA faces voter wrath because it destroyed growth. The economy has paid a price for bad governance and expensive welfare schemes. If you look at data for the last two years, this view will find some support....
More »Health expense is a major burden on rural citizenry
The share of total expenditure on medical and healthcare is comparatively higher for an average rural citizen than his/her urban counterpart, reveals the latest available National Sample Survey Report (68th Round) entitled Level and Pattern of Consumer Expenditure 2011-12. Although an average urban Indian spends nearly 84 percent higher than his/her rural counterpart in a month, the share of total outlay on medical expense* is higher in case of the...
More »India growth story marred by disturbing inequity -Sachin Kumar Jain
-Down to Earth 68th Round of National Sample Survey makes it amply clear that the wave of economic growth has not percolated down from the 0.003 per cent of population of ruling elite (as per Income Tax records, only 42,800 persons have taxable Income more than Rs 1 crore in India). 99.996 per cent population is spending between just Rs 25.90 and Rs 37.36 per capita per day (average MPCE) in...
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