Pages

Popular Posts

Saturday, October 3, 2009

National Prosperity Index
26/Jul/2007 : Anna University, Chennai

While we are happy that our economy is in the ascent phase and our GDP is growing at nearly 9% per annum, it is evident that economic growth is not fully reflected in the quality of life of a large number of people, particularly in rural areas and even in urban areas. Hence, we have evolved what is called a “National Prosperity Index (NPI)” which is a summation of (a) Annual growth rate of GDP; plus (b) improvement in quality of life of the people, particularly those living below the poverty line plus (c) the adoption of a value system derived from our civilizational heritage in every walk of life which is unique to India. That is NPI=a+b+c. Particularly, ‘b’ is a function of availability of housing, good water, nutrition, proper sanitation, quality education, quality healthcare and employment potential. ‘c’ is a function of promoting the joint family system, creation of a spirit of working together, leading a righteous way of life, removing social inequities, and above all promoting a conflict free, harmonious society. This will be indicated by peace in families and communities, reduction in corruption index, reduction in court cases, elimination of violence against children and women and communal tensions. There should also be progressive reduction in the number of people living below the poverty line leading to its becoming near zero by 2020. All our efforts in improving the national economic performance should be guided by the measured National Prosperity Index of the nation at any point of time.

No comments:

Post a Comment