INDIA’s Defines GDP----Get Rid of
Downtrodden and Poor
World Bank,Standard and Poors, and other economic
bodies are predicting India’s GDP every
month on certain parameters. S&P last issued a BBB- rating, with a stable outlook and
recently it has gone further down.They have their own calculation
methods. Some people say that India will rise in current financial year, others
say that growth will decline and after analyzing all the calculations of Big
Bodies India is contented that it will survive atleast. We have our own methods
and these are classified, even Big Bodies are quite curious to know our methods
to evaluate the growth pattern of our country. But, we have the intelligent
workforce who is keen not to share our classified analysis pattern. Normally,
GDP is considered as overall final value of goods and services produced within
a country and to be excise it is calculated on the basis of purchase power
parity (PPP) index. To calculate GDP on PPP Index, it is divided by average
population of that particular nation that year.So, This is the universal
criteria to calculate the growth pattern of any nation. Now, after following
this criteria ,we calculated india’s Purchase Power Parity and our politicians
and economists decided that a meager 32 rupees a day would be sufficient for
Indian poors to survive. I mean if someone can afford this amount of big money
i.e Rs. 32 per day, he would not be included in poor category. As per the
records of percentage change/growth in GDP by different sectors during last
financial year, the Public Sector (Education,Health and Public Administration)
has contributed very less .
However, this is the general analysis of our economists and
intelligent people. But somewhere, the real picture is hidden. These
figures are manipulated to show our
false status to the big bodies so that our status is not effected in terms of
our show off value. We still insist that we are doing good as compare to other
nations of the world economy and figures below tell our growth pattern to
outside world.
|
Country
|
1999
|
2000
|
2002
|
2003
|
2004
|
2005
|
2006
|
2007
|
2008
|
2009
|
2010
|
2011
|
|
5.5
|
6
|
4.3
|
8.3
|
6.2
|
8.4
|
9.2
|
9
|
7.4
|
7.4
|
10.4
|
7.2
|
But, in real terms all these figures include only 30% of
upper population. From upper population, I mean people who are above average in
terms of so called Purchasing Power Parity. We don’t mind to include people
below average line. There is no place for poor to be counted for this useful
data and figures. Our Thinkers of Growth hardly have time to count the real
figures. There is a war within when we take on Consumer Price Index. It is very
much difficult for Indian government to include such indexes for calculation of growth patterns. We can debate
for years when it comes to revise the Base Year for precise calculations. We have lot of other things too to debate or
think upon, so why to waste time on such meaningless points. In real terms, India defines GDP as Get Rid of Downtrodden
and Poor from all the surveys, from all the data and from all calculations.
That’s our real growth story. We will continue with the real analysis on our
own parameters which are real and carry value and real importance while measuring
our growth story. It’s just a start and we have the long way to
go……………………………………..
