Impact of "improvement" in economic complexity under UPA: By 2024 India to be fastest growing economy

Top 20 countries which will grow fastest till 2024

By Our Representative
Basing on analysis of decade-long economic growth data and policies between 2004 and 2014 – which Manmohan Singh was India’s Prime Minister – the Centre for International Development (CID) at Harvard University has predicted that India has the “potential to be the fastest growing economy over the coming decade.”
Measuring what they call economic complexity index (ECI), which captures the diversity and sophistication of productive capabilities embedded in a country’s exports to generate growth projections”, CID researchers say that between 2004 and 2014, India’s ranking sharply went up from No 47 to No 42 among 101 countries of the world.
As against India’s five points improvement in ECI, the countries that have made the greatest improvements in their complexity because of fast growth in per capita income over the past decade are China (ECI rank: up 16 positions to rank 17th globally), and South Korea (up 11 positions to rank 4th).
Other countries, which have shown better improvement over the last decade in ECI ranking, include Thailand (up 13 points), the Philippines (up 29 points), Vietnam (up 36 points), Egypt (up 14 points), Pakistan (up 11 points), and Bangladesh (up 18 points).
The CID at Harvard University is a university-wide center that works to advance the understanding of development challenges and offer viable solutions to problems of global poverty. It is a leading research hub focusing on resolving the dilemmas of public policy associated with generating stable, shared, and sustainable prosperity in developing countries.
“The projections reflect the latest 2014 trade data available. The global landscape for economic growth that results shows greatest potential for rapid growth in South Asia and East Africa. Conversely, oil economies and other commodity-driven economies face the slowest growth outlook”, CID says.
“India tops the global list for predicted annual growth rate for the coming decade, at 7.0 percent”, the researchers say, adding, “This far outpaces projections for its northern neighbor and economic rival, China, which the researchers expect to face a continued slowdown to 4.3 percent growth annually to 2024.”
This would happen because, says Ricardo Hausmann, Professor of the Practice of Economic Development at Harvard Kennedy School (HKS), the leading researcher of The Atlas of Economic Complexity, and the director of CID, during the decade in question India made “important gains in productive capabilities, allowing it to diversify its exports into more complex products, including pharmaceuticals, vehicles, even electronics.”
“We expect that India’s recent gains in complexity, coupled with its ability to continue improving it will drive higher incomes, positioning India to lead global economic growth over the coming decade,” Hausmann says.
Interestingly, other countries which are projected to grow fast include African countries, Uganda, Tanzania, and Kenya, rank in the top ten, with all predicted to grow at least 5.5 percent annually. “The growth forecast also looks favorably on Southeast Asia, where the Philippines, Malaysia, Indonesia, and Vietnam look to drive growth well above global averages”, the research says.
As for the growth in advanced economies, it is predicted to remain slow with the US expected to grow at 2.8 percent annually to 2024, with higher growth predicted in the United Kingdom and Spain, and slower growth in Italy and Germany.
The countries that rank in the top positions in ECI are Japan, Germany, and Switzerland holding the greatest economic complexity, the research says, adding, however, during the decade of 2004-14, “Great Britain (10th), the United States, (13th) and France (16th) have all slid.”

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World Bank clarifies: Its 26th rank to India not for universal access to power but for ease of doing business

By Our Representative
In a major embarrassment to the Government of India, the World Bank has reportedly clarified that it has not ranked India 26th out of 130 countries for providing power to its population. The top international banker’s clarification comes following Union Power Minister Piyush Goyal’s claim that India has “improved to 26 position from 99” in access to electricity in just one year.

"Misleading" satellite images being shared on Balakot surgical strike on Jaish camp

By Dr Vinay Kate*
With every passing day more questions are being raised about the surgical strike India did in Balakot as a response to Pulwama attacks. So far the Indian media has claimed mass casulaty of 300+ terrorists of Jaish-e-Mohammad in this surgical strike, but there is hardly any report from foreign media about the same.

Extreme repression, corporate loot, cultural genocide "characterise" India's tribal belt

Counterview Desk
As Lok Sabha polls approach, there is considerable ferment in one section of the population -- India's Adivasis, forming about 8.6 per cent of India's population. Things became particularly critical following the February 14, 2019 Supreme Court order, allegedly seeking to evict lakhs of tribals from their forest lands.

Industry in India "barely growing", export growth 0%, whither moral anchors?

Counterview Desk
In a sharp critique of the Modi government, the Indian Institute of Management-Ahmedabad (IIM-A), one of world renowned economist Prof Kaushik Basu, who is Professor of Economics and Carl Marks Professor of International Studies at Cornell University, has told students at the IIM-A’s 54th Annual Convocation on March 16, 2019 that they have a “special responsibility” on their shoulders, “the responsibility to reject narrow sectarianism, uphold scientific thinking, openness to new ideas, and freedom of speech.”

Gujarat model? Industrial effluents "invade" borewells, discharge coloured water in farms

By Rajiv Shah
In a major embarrassment for Gujarat model, of the 21 samples taken by officials of the state government's environmental watchdog Gujarat Pollution Control Board (GPCB) in two villages of Vadodara district and analyzed by its laboratory in Gandhinagar, the state capital, to find out pollution level in groundwater, 16 were assessed as highly contaminated – these were, in fact, found to be discharging reddish, brownish, reddish, or yellowish water.

Refugees as criminals? US govt report blames Amit Shah for calling Bangladeshis termites

Counterview Desk
The chapter “Freedom of Movement” of the US State Department’s “India 2018 Human Rights Report”, released recently, has criticized BJP chief Amit Shah for terming alleged Bangladeshis who may be in Assam as “termites”, because their names were struck down from the list of National Register of Citizens, under preparation in the state.
Pointing out that four million residents were excluded from Assam’s final draft list, leading to “uncertainty over the status of these individuals, many of whose families had lived in the state for several generations”, the report regrets, the Indian law does not even contain the term “refugee,” treating refugees like Rohingiyas as “any other foreigners.”
“Undocumented physical presence in the country is a criminal offense. Persons without documentation were vulnerable to forced returns and abuse”, the report says.
Text of the Freedom of Movement chapter: The law provides for freedom of internal movement, foreign travel, emigration, a…

Mental health: India's 95% patients "deprived" of medical care, treatment gap 70%

By Moin Qazi*
Among the many challenges India faces, the most underappreciated is the ongoing mental health crisis. Mental illness is actually India’s ticking bomb. An estimated 56 million Indians suffer from depression, and 38 million from anxiety disorders. For those who suffer from mental illness, life can seem like a terrible prison from which there is no hope of escape; they are left forlorn and abandoned, stigmatized, shunned and misunderstood.

Congress would win just 9 of 26 Lok Sabha seats: Gujarat Assembly segment-wise analysis

By Rajiv Shah
Even as the Congress plans its first working committee meet in Gujarat on February 28 after an almost 58 year gap, there is reason to wonder what is in store for India’s grand old party in a state which has been long been a BJP bastion – in fact ever since mid-1990s. Ahead of the then assembly polls in late 2012, talking with me, a senior Gujarat Congress leader, currently Rajya Sabha MP, frankly said he saw no reason why Congress would win.

"Pro-corporate" Supreme Court order on FRA would further marginalize Adivasis

By VS Roy David, JP Raju*
For millions of Adivasis and other traditional forest dwellers February 13, 2019 will go down in history as the day of apocalypse. This is like the proverbial Black Friday where millions of most marginalized people of India were ordered by malicious anti-people draconian Supreme Court order depriving them the life and livelihood by evicting them from their habitats.

Financial inclusion? Not micro-loans; India's poor "need" investment in health, education

By Moin Qazi*
India has grown into a global powerhouse. Its economy is soaring but the picture on the ground is still quite arid. The green shoots that you see are only a patch of its landscape. Most Indians are hapless victims of inequity. India is one country where intense poverty abounds in the shadow of immense wealth.

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