Skip to main content

India ranked worse than China, Pakistan, B'desh, Sri Lanka in inclusive index as Modi reaches Davos to address WEF

By Our Representative
In a major embarrassment to Prime Minister Narendra Modi, who addresses the World Economic Forum (WEF) in Davos on Tuesday, India ranks worse than all its neighbours in the new Inclusive Development Index (IDI) which it has released on the day WEF summit began in the Swiss city, January 22. Ranking 62nd out of 74 emerging economies, India's ranking is worse than not just China but also Pakistan, Bangladesh, Sri Lanka and Nepal.
While Pakistan ranks 47th, Sri Lanka 40th, Nepal 22nd, and China 26th, the five countries that are found to rank better than India include Rwanda, Laos, Uganda, Mali and Senegal. The only country ranking worse than India among the the "competing" BRICS (Brazil, Russia, India, China, South Africa) economies is South Africa (69th).
Ironically, in per capita GDP ranking, India ranks better (51st) than Pakistan (59th), Nepal (71st) and Bangladesh (64th), though worse than China (22nd) and Sri Lanka 39th). Comments the report, titled "The Inclusive Development Index 2018", "GDP growth is best understood as a top-line measure of national economic performance, in the sense that it is a means(albeit a crucially important one) to the bottom-line societal measure of success: broad-based progress in living standards."
However, it undrrlines, "As many countries have experienced and the Inclusive Development Index data illustrate, growth is a necessary but not sufficient condition for robustly rising median living standards. Accordingly, policymakers and citizens alike would benefit from having an alternative, or at least complementary, bottom-line metric that measures the level and rate of improvement in shared socioeconomic progress."
According to WEF, "Slow progress in living standards and widening inequality have contributed to political polarization and erosion of social cohesion in many advanced and emerging economies.
This has led to the emergence of a worldwide consensus on the need for a more inclusive and sustainable model of growth and development that promotes high living standards for all."
Suggesting that the gap between GDP growth and inclusive development is best understood if one looks at the BRICS countries, the WEF report says, "Performance is mixed among BRICS economies: the Russian Federation (19) is ahead of China (26), Brazil (37), India (62), and South Africa (69)."
Agreeing that has India has "an improving trend", the report says, the country ranks 62nd out of 74 emerging economies and it performs well (44th) in terms of "Intergenerational Equity and Sustainability, profiting from a low dependency ratio that is set to further decline as the economy reaps the dividends of an extremely young population (28% of the Indian population was younger than 14 years in 2017)."
However, it notes, "Though the incidence of poverty has declined in India over the past five years, 6 out of 10 Indians still live on less than $3.20 per day. Given the prevalence of inequality both in terms of both income and wealth, there is substantial scope for improvement for India in this aspect." While India's poverty rate is 60.4% compared to China's 12.4%, a related concern is low employment level (51.9% compared to China's 67.5%).
At the same time, report says, "Both labor productivity and GDP per capita posted strong growth rates over the past five years, while employment growth has slowed. Healthy life expectancy also increased by approximately three years to 59.6..." It adds, "Brazil, China, and India, though these are mainly driven by strong human capital investment, while reporting high levels of resource depletion."
Ranking advanced economies separately, the report says, "Norway is the best performing advanced economy in 2018, with a consistently strong performance: it ranks second on one of the Index’s three pillars (Intergenerational Equity and Sustainability) and third on each of the other two (Growth and Development, and Inclusion). Small European economies dominate the Index, with Australia (9) the only non-European economy in the top 10."
It adds, Of the G7 economies, Germany (12) is ranked highest, followed by Canada (17), France (18), United Kingdom (21), United States (23), Japan (24), and Italy (27). In many countries, there is a stark difference between individual pillars: for example, the US ranks 10th out of the 29 advanced economies on Growth and Development, but 26th on Intergenerational Equity and Sustainability and 28th on Inclusion; France, meanwhile, ranks 12th on Inclusion, 21st on Growth and Development, and 24th on Intergenerational Equity and Sustainability."

Comments

TRENDING

Political consensus? Celebrations, with over 5,000 plus post-vaccine deaths in India

By Rosamma Thomas*  As India fully vaccinated nearly 20% of its population and celebrated the “milestone” of administering one billion (100 crore) Covid-19 vaccine doses, it was time to remember those who died shortly after vaccination . By October 20, 2021 Twitter handle C400T, tracking deaths reported to have occurred after receiving the Covid-19 shot in India, updated the 5,134th death.

Is sacrilege charge against Punjab Dalits any different from Pak blasphemy cases?

Lakhbir Singh, his wife By Vidya Bhushan Rawat*  There is no doubt that Sikhism actually was a revolt against the Brahmanical system and superstition. Guru Granth Saheb is perhaps the only Holy Book which contains matters from different religions as well as those of various Sufi saints, including Kabir, Ravidas, Baba Farid and others. The aim of Sikhism was to create an egalitarian society, and, definitely, Punjab that way is far better than many other States in India, where violence against Dalits is rampant.

Billion vaccine doses? Devil is in details: 70% haven't got 2nd jab; numbers jacked up

By Prof Ujjwal K Chowdhury*  India has reached the one billion Covid-19 vaccinations milestone. It is indeed a great news and a big salute to the less paid ordinary health-workers in interiors of India for this feat. The government wants all of India's 944 million adults to get vaccinated this year. Around three-quarters of adults in the country of 1.3 billion people have had one shot and around 30 percent are fully vaccinated, the government says.

Savarkar 'criminally betrayed' Netaji and his INA by siding with the British rulers

By Shamsul Islam* RSS-BJP rulers of India have been trying to show off as great fans of Netaji. But Indians must know what role ideological parents of today's RSS/BJP played against Netaji and Indian National Army (INA). The Hindu Mahasabha and RSS which always had prominent lawyers on their rolls made no attempt to defend the INA accused at Red Fort trials.

Uttarakhand, Kerala disaster due to policies favouring India's developmental mafia

By Vidya Bhushan Rawat*  Two of India’s most beautiful regions where thousands of people go to watch and feel the wonders of nature are suffering because of the extremely disastrous rains and floods. The pain that the rains brought to Kerala and Uttarakhand is a warning to all of us. It's nature’s warning to us to mend our ways.

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Our Representative Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Religious mobs replicate blasphemy laws, 'threatening' liberty in a free country

Nihangs, Lakhbir Singh By Ajit Singh*   A Dalit man, Lakhbir Singh, was mercilessly beaten up and lynched to death near farmers’ protest site in the State of Haryana allegedly by Nihang Sikhs. It was alleged that he committed blasphemy by desecrating the Holy Book Guru Granth Sahib.

Shabana Azmi joins Pak physicist Hoodbhoy to condemn B'desh anti-minority violence

By Our Representative  Several well-known South Asian activists and public figures of India, Pakistan, Bangladesh, Sri Lanka, Afghanistan and Maldives have expressed “deep distress” by the spate of violence and killings in Bangladesh on the occasion of Durga Puja and Vijayadashami. “Attacks on minorities are a sign of injustice and a matter of shame for any society and bring a bad name to the Government”, they said in a joint statement.

March opposes Sabarmati Ashram renovation: 'Mahatmaji had kept open for access to all'

Counterview Desk A Sevagram to Sabarmati march, which began on October 17 from Wardha (Maharashtra) and will end on October 24 in Ahmedabad (Gujarat), has demanded that the Sabarmati Ashram, the government should not impose "the fashion and glitz of a shallow modernity" at the cost of Rs 1,200 crore, in the name of renovating the Ashram founded by Gandhiji.