GDP measures only the size of an economy. India’s economy must have more depth, more domestic industries, and faster income growth at the bottom, as China has achieved.
In 2022, athletes claimed they were asked to wind up training early at Thyagraj Stadium so that the IAS couple could walk their dog. Then came the memes and public outrage.
Instead of buying more Mirages outright in early 2000s, the requirement was tweaked in favour of a medium-weight, multi-role fighter with Mirage-like performance.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
For socialists, anything that can’t be achieved by them is useless. They can’t achieve high GDP, hence GDP is useless. They can’t become rich, hence everyone should be equally poor. They can’t build a developed country, hence remain content with handouts. No one can make utter flop plans like socialists.
Former Planning Commission Member Arun Maira’s point about the need to look beyond GDP growth figures is well-taken. However, it could have been more helpful if he could also have put forward some workable solutions on how India, the world’s most populous nation, can address the twin challenges of unemployment and underemployment in the backdrop of the growing advancements in AI technologies which are making many legacy jobs redundant. Informed opinions minus workable solutions can only take us that far.
For socialists, anything that can’t be achieved by them is useless. They can’t achieve high GDP, hence GDP is useless. They can’t become rich, hence everyone should be equally poor. They can’t build a developed country, hence remain content with handouts. No one can make utter flop plans like socialists.
Former Planning Commission Member Arun Maira’s point about the need to look beyond GDP growth figures is well-taken. However, it could have been more helpful if he could also have put forward some workable solutions on how India, the world’s most populous nation, can address the twin challenges of unemployment and underemployment in the backdrop of the growing advancements in AI technologies which are making many legacy jobs redundant. Informed opinions minus workable solutions can only take us that far.