A debate is raging in the newspapers between reputed economists over growth and development in India.
The cheerleaders for growth are, as is to be expected, the government, big business and the burgeoning middle class. Facing them are those on the wrong side of the lop-sided growth story, environmentalists and academics.
Nobel laureate Amartya Sen seems to have sparked off the row over whether India should obsess about overtaking China's growth rate. He was quoted in the FT as saying it was "very stupid" to aspire for double-digit economic growth without addressing the chronic undernourishment of tens of millions of Indians.
Read the full article using link : http://www.guardian.co.uk/global-development/poverty-matters/2011/mar/25/india-china-growth-economy-equality?INTCMP=ILCNETTXT3487 .
Every five years, India's statistical system releases the results of a large scale sample survey that generates comprehensive data about consumer expenditure, employment conditions and much else.The results of the most recent survey conducted from July 2009 to June 2010 have just been released, and they have created shock waves in the establishment.
The survey found that employment generation actually decreased sharply between 2004-05 and 2009-10, especially when compared to the earlier five-year period. This is surprising given that this was a period of very rapid GDP expansion, and points to the growing possibility of jobless growth in the Indian economic boom.
Read the full article using link : http://www.guardian.co.uk/global-development/poverty-matters/2011/jul/14/india-danger-jobless-growth?INTCMP=ILCNETTXT3487
There is no growth in jobs and there is 'despair driven exodus' from rural areas ,all in a period of very rapid GDP expansion , then whom is the 8-10 % GDP growth really benefitting ? Those in the Govt, the most ( the average asset worth of a union minister rose from Rs.7.3 crore to Rs.10.6 crore in 28 months. Adding a modest million a month on average through 28 months.Ref the article "Indian cabinet gets healthier "),then the Corporates and trickling down to the Indian middle class .The same decade or let us say past 7-8 years , also has seen a period of mind boggling corruption & sell-off of the national resources ,under the UPA Govt . But the Govt claims "India is rising", with deception at the heart of this publicity campaign. Even after 65 years of Independence of which 60 years were under the Congress , majority Indians are still kept deprived and desperate . Most Indians still struggle to obtain basic public services that wealthier , more secure countries take for granted . The total slum population of the country, which was 7.52 crore in 2001, has grown to 9.3 crore in 2011 (the NSSO-National Sample Survey Organisation report ). Meanwhile the Planning Commission in Sept 2011, redefined “below the poverty line “ for Indians to below Sub- Saharan levels to artificailly suppress the growing number of poor in the country !!. Same time, Illegal outflows from the country grew exponentially and in just five years from 2004-08 alone, the country lost roughly Rs.4.3 lakh crores to such outflows (GFI report).
DOES INDIA NEED THIS KIND OF GDP GROWTH ?
The cheerleaders for growth are, as is to be expected, the government, big business and the burgeoning middle class. Facing them are those on the wrong side of the lop-sided growth story, environmentalists and academics.
Nobel laureate Amartya Sen seems to have sparked off the row over whether India should obsess about overtaking China's growth rate. He was quoted in the FT as saying it was "very stupid" to aspire for double-digit economic growth without addressing the chronic undernourishment of tens of millions of Indians.
Read the full article using link : http://www.guardian.co.uk/global-development/poverty-matters/2011/mar/25/india-china-growth-economy-equality?INTCMP=ILCNETTXT3487 .
Every five years, India's statistical system releases the results of a large scale sample survey that generates comprehensive data about consumer expenditure, employment conditions and much else.The results of the most recent survey conducted from July 2009 to June 2010 have just been released, and they have created shock waves in the establishment.
The survey found that employment generation actually decreased sharply between 2004-05 and 2009-10, especially when compared to the earlier five-year period. This is surprising given that this was a period of very rapid GDP expansion, and points to the growing possibility of jobless growth in the Indian economic boom.
Read the full article using link : http://www.guardian.co.uk/global-development/poverty-matters/2011/jul/14/india-danger-jobless-growth?INTCMP=ILCNETTXT3487
The story behind the numbers of the 2011 Census speaks of another tragedy: the collapse of millions of livelihoods in agriculture and its related occupations. And the ongoing, despair-driven exodus that this sparked in the countryside. Is distress migration on a massive scale responsible for one of the most striking findings of Census 2011: that for the first time since 1921, urban India added more numbers to its population in a decade than rural India did?
At 833.1 million, India's rural population today is 90.6 million higher than it was a decade ago. But the urban population is 91 million higher than it was in 2001. The Census cites three possible causes for the urban population to have risen by more than the rural: ‘migration,' ‘natural increase' and ‘inclusion of new areas as ‘urban.' But all three factors applied in earlier decades too, when additions to the rural population far outstripped those to the urban. Why then is the last decade so different?Read the full article in THE HINDU following link :http://www.thehindu.com/opinion/columns/sainath/article2484996.ece?homepage=true.There is no growth in jobs and there is 'despair driven exodus' from rural areas ,all in a period of very rapid GDP expansion , then whom is the 8-10 % GDP growth really benefitting ? Those in the Govt, the most ( the average asset worth of a union minister rose from Rs.7.3 crore to Rs.10.6 crore in 28 months. Adding a modest million a month on average through 28 months.Ref the article "Indian cabinet gets healthier "),then the Corporates and trickling down to the Indian middle class .The same decade or let us say past 7-8 years , also has seen a period of mind boggling corruption & sell-off of the national resources ,under the UPA Govt . But the Govt claims "India is rising", with deception at the heart of this publicity campaign. Even after 65 years of Independence of which 60 years were under the Congress , majority Indians are still kept deprived and desperate . Most Indians still struggle to obtain basic public services that wealthier , more secure countries take for granted . The total slum population of the country, which was 7.52 crore in 2001, has grown to 9.3 crore in 2011 (the NSSO-National Sample Survey Organisation report ). Meanwhile the Planning Commission in Sept 2011, redefined “below the poverty line “ for Indians to below Sub- Saharan levels to artificailly suppress the growing number of poor in the country !!. Same time, Illegal outflows from the country grew exponentially and in just five years from 2004-08 alone, the country lost roughly Rs.4.3 lakh crores to such outflows (GFI report).
DOES INDIA NEED THIS KIND OF GDP GROWTH ?
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