India’s Data Economics: The Good, The Bad, and The Missing
NEW DELHI: India’s economic growth has been a topic of discussion for over a decade, especially under Prime Minister Narendra Modi’s leadership. From becoming the third-largest economy to lifting 25 crore people out of poverty, these claims are well-documented.
The Happy Data
While PM Modi and BJP leaders celebrate economic milestones, experts caution against complacency. Former RBI governor Raghuram Rajan emphasized the need for continued effort to make these statistics a reality, rather than mere hype.
The Sad Data
India’s Global Hunger Index ranking has raised eyebrows. The government has dismissed it as a “flawed measure,” while also attempting to influence the parameters of such indices to paint a more favorable picture. This raises concerns about transparency and data integrity.
The Missing Data
With a population of 1.4 billion, India hasn’t conducted a census since 2011, leaving millions unaccounted. Delayed government data releases affect critical sectors, hampering effective policymaking and raising questions about political motivations.
The Poor That Aren’t
Despite claims of poverty reduction, economists highlight discrepancies in methodologies and the adverse impacts of the COVID-19 pandemic, which reportedly pushed millions back into poverty.
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