Wednesday, March 11, 2009

Social imbalances, clubbed with extreme poverty and pathetic lifestyles are weakening India’s foundation

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

And India burns like this...

It is interesting, but disappointing at the same time, especially considering that despite having 20% of world’s total children, 40% of its young population is malnourished. This puts India at 3rd on malnourished kids chart but from the bottom!!!

In 2006-07, India’s mortality rate under five (per 1,000) was 76, a figure high and dangerous. And why not if a country spends merely 3-4% of its GDP on education and just 1-2% on healthcare (which is far less than pubic spending by even countries like Namibia, Bolivia, Sri Lanka et al). While talking to B&E, International Food Policy Research Institute said that, “India has very high levels of malnutrition among preschoolers (47%)... and it ranks at the bottom of the world on child malnutrition, right before Bangladesh and Nepal, and after countries such as Sudan, Cambodia, and Ethiopia!”

To sum up the social performance, one can just glimpse through India’s position in World Prosperity Index 2008 where we rank 70th amongst 104 nations. In India, a female on an average earns $1,500/year while a male earns $4,000/year. The GGG report further divulges that the female-to-male ratio for literacy rate is just 0.65! If statistics are to be trusted, an increase in India’s female labour force participation by 86% could easily push our GDP growth up by 1.08% per year! But the most hard-hitting truth is poverty. As per the World Bank, 41.6% of Indians are currently living below poverty line (BPL). The truth is that even today many Indians are deprived of an acceptable life standard. It is the society that makes the economy and not vice-versa, have we forgotten this?


Sray Agarwal


For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


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