Growth reality of Indian Economy The Congress claims, less confidently now than it did earlier, the past decade has seen the highest growth in GDP; the BJP holds up Gujarat as the model state, really a microcosm of the same claim by the Congress for the entire nation. But how do they measure their claims? More often than not by reference to GDP numbers. But it might help to consider the issue from the bottom up; from the viewpoint of the mass who will line up to exercise their franchise. How much the bottom people received. MGI estimates the cost of “fulfilling eight basic needs”: food, energy, housing, drinking water, sanitation, healthcare, education and social security. The metric arrived at is the Empowerment Line and the results are for 2011-12. More than half India’s population (56 per cent) “lacks the means to meet their essential needs.” Some 680 million Indians — two and a half times those below the official poverty line — live a life “marked by a continuous struggle to achieve a modicum of dignity comfort and security”
Posted on: Wed, 19 Mar 2014 14:41:32 +0000
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