High Growth, Low Development
While Indian stock markets are on a sharp upward trajectory and the economy is accelerating at an annual GDP growth rate of 9%, there comes the depressing news of India being ranked 128 in the Human Development Index of the United Nations Development Program. To put it in perspective, this puts India in the bottom 50 of the 177 nations that the UNDP human report looks at.
The index seeks to capture three dimensions of human development : a long and health life (measured by life expectancy at birth), education (literacy rate and enrollment in primary, secondary and tertiary education) and third GDP per capita measured in US dollars at Purchasing Power Parity. Some of the statistics produced by the the Human Development Report which contains this index, should ring alarm bells for our executive and our legislature bodies. In Sierra Leone, ranked at 177, rock bottom of the Human Development Index, 23% of the children are below average weight at birth. In comparison the number for India is as high as 30%. In India 47% of the children below the age of 5, are underweight. The corresponding figures for Sierra Leone and countries like Ethopia is 27% & 38% respectively.
It is shocking how small African nations - decidedly third world - perform much better than India -an emerging economic superpower- in important social and development parameters. In contrast to India's dismal performance in terms of the Human Development Index, it has steadily climbed up the rankings when it comes to housing the number of dollar billionaires. India is currently ranked 4 in the Forbes list of countries having the maximum number of billionaires. This points to the stark inequality that exists in India today. On one hand we have people who are not able to ensure the proper health of their children and on the other hand we also have amongst us men and women who's individual wealth is sometimes more than the entire wealth of certain countries.
The Indian polity has been voicing the need for an inclusive growth for sometime. It is now time for the Indian law makers to act on a war footing to achieve a widespread pattern of inclusive growth. The draft eleventh five year plan proposes 75% of the total expenditure for the education, agriculture, health care and infrastructure sectors compared to the corresponding figure of 55% for the tenth five year plan. This is certainly a move in the right direction but much more needs to be done and done consistently. Also we all know making laws is one thing and executing on them is another.
The index seeks to capture three dimensions of human development : a long and health life (measured by life expectancy at birth), education (literacy rate and enrollment in primary, secondary and tertiary education) and third GDP per capita measured in US dollars at Purchasing Power Parity. Some of the statistics produced by the the Human Development Report which contains this index, should ring alarm bells for our executive and our legislature bodies. In Sierra Leone, ranked at 177, rock bottom of the Human Development Index, 23% of the children are below average weight at birth. In comparison the number for India is as high as 30%. In India 47% of the children below the age of 5, are underweight. The corresponding figures for Sierra Leone and countries like Ethopia is 27% & 38% respectively.
It is shocking how small African nations - decidedly third world - perform much better than India -an emerging economic superpower- in important social and development parameters. In contrast to India's dismal performance in terms of the Human Development Index, it has steadily climbed up the rankings when it comes to housing the number of dollar billionaires. India is currently ranked 4 in the Forbes list of countries having the maximum number of billionaires. This points to the stark inequality that exists in India today. On one hand we have people who are not able to ensure the proper health of their children and on the other hand we also have amongst us men and women who's individual wealth is sometimes more than the entire wealth of certain countries.
The Indian polity has been voicing the need for an inclusive growth for sometime. It is now time for the Indian law makers to act on a war footing to achieve a widespread pattern of inclusive growth. The draft eleventh five year plan proposes 75% of the total expenditure for the education, agriculture, health care and infrastructure sectors compared to the corresponding figure of 55% for the tenth five year plan. This is certainly a move in the right direction but much more needs to be done and done consistently. Also we all know making laws is one thing and executing on them is another.
