23
Monday
July 2018
2:43 PM IST
News Headlines
The Union Govt's move against the Missionaries of Charity is a well-planned attempt to defame Christianity? Opinion        Shigella strikes Kozhikode; Toddler dies        The Union Govt's move against the Missionaries of Charity is a well-planned attempt to defame Christianity? Opinion        Congress to set up group on alliances: Rahul        Prepare To Fight 2019 Alone, Amit Shah Tells BJP On Rift With Shiv Sena        Money laundering scam: Zardari declared absconder by FIA        Afghan vice president Dostum escapes blast on return from exile        Sri Lanka close in on whitewash of S. Africa        Hamilton regains title lead after stunning German win        Fakhar Zaman becomes first Pakistani to hit ODI double ton        Govt slashes GST rate on several products        Third party insurance for two, four-wheeler be made mandatory: Supreme Court        Supreme Court stays Madras HC order awarding extra marks to NEET Tamil candidates        Trump invites Putin to White House in the fall        Zimbabwe vs Pakistan: Fakhar Zaman scores double century in record partnership with Imam-ul-Haq to breeze past hosts        Modi Govt Gets AIADMK Boost as No-Trust Vote Turns Into Show of Strength for 2019        IOC adds 7 medal events to 2022 Beijing Winter Games program        Indian outplay New Zealand 4-2 in hockey series opener        Samsung, Xiaomi corner 60 pc share of India's smartphone mkt in Q2: Canalys        Indo-Pacific must be free, open and and inclusive region: Swaraj        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
Modi govt needs to shed 'obsession' with economic growth: Jean Dreze
 
New Delhi, Jul 8 (PTI) The Narendra Modi government needs to shed its "obsession" with economic growth and take a broader view of what development is about, argues noted economist Jean Dreze.

Author of a number of books on development and policies in India, he also feels that the Centre is "abdicating" its responsibilities in many sectors and handing them over to the corporate, or to the state governments.

In an interview to PTI, he was asked about the impact of the NDA government's policies on social and economic life of the lower strata of the society and his concerns on the widening rich-poor gap and Aadhaar-based public distribution system.

"The government should shed its obsession with economic growth and take a broader view of what development is about. Economic growth can certainly contribute to development, in the sense of a widely shared improvement in the quality of life, but it does not go very far on its own," Dreze, who served as a member in the former UPA government's National Advisory Council, said.

The Belgian-born Dreze, now an Indian citizen, held that development also requires wide-ranging public action in fields like education, health, nutrition, social security, environmental protection, public transport, to name a few.

"The Modi government is abdicating many of these responsibilities and handing them over to the corporate sector in one way or another, or to the state governments. To illustrate, the most important foundation of development is universal quality education. This is evident from recent development experiences around the world, and in India itself," he said.

"Universal quality education is all the more important in India, because of the country's extreme social inequalities. Yet five years have passed without any major initiative in the field of elementary education," he added.

According to Dreze, the underprivileged have not had a particularly good time in the last five years and claimed demonetisation hit the financially weaker section.

Noting that despite demonetisation, the economy somehow managed to remain close to the trend growth rate of 7.5 per cent around which it has hovered for much of the last 15 years, he said rural wage rates have more or less stagnated in real terms.

"Women's workforce participation also remains very low -- among the lowest in the world," said the author of books like "An Uncertain Glory: India and its Contradictions" and "India: Development and Participation".

He said these are two important signs that rapid economic growth is failing to generate adequate employment and income opportunities for the masses.

On financial inequality and unavailability of government data in the country, he said this was "just one symptom" of the "deterioration of the statistical" system in India, and of the government's tendency "to suppress inconvenient facts".

"Many other examples can be given. Poverty estimates, for instance, are way out of date, with the most recent official estimates going back to 2011-12," Dreze said.

The gap between the last two National Family Health Surveys, in 2005-06 and 2015-16, was as long as 10 years, in comparison with two or three years for other south Asian countries, he said.

Dreze, visiting professor at the Department of Economics, Ranchi University, claimed the Modi government has turned its back on social policy.

"There have been no significant initiatives related to education, health, nutrition, social security or related matters in the last few years, with the partial exception of Swachh Bharat Mission, if you ignore its authoritarian aspects.

"Even where the government has legal obligations, as with maternity entitlements under the National Food Security Act, there has been no action worth the name. That, too, is bad news for poor people who depend a great deal on public services and social support for their livelihood," he said.

Dreze further claimed that there was no evidence that Aadhaar helps to reduce corruption in the PDS.

"On the contrary, in Jharkhand at least, it seems to have led to more rather than less corruption. One reason for this is that when people fail the biometric test, their food rations are appropriated by the PDS dealers," he claimed.

He instead advocated smart cards as a far more reliable technology, already used with good effect in Himachal Pradesh and Tamil Nadu.


Third party insurance for two, four-wheeler be made mandatory: Supreme Court
Samsung, Xiaomi corner 60 pc share of India's smartphone mkt in Q2: Canalys
Indo-Pacific must be free, open and and inclusive region: Swaraj
Govt working on another verison of UDAN, says Sinha
Talks on between India, Singapore for cruise tourism: Gadkari
Govt doubles import duty on over 50 textile products
Walmart partners with Microsoft for cloud solutions
Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar
May announces new 2 bn pounds UK-Italian fighter jet project
Mukesh Ambani beats Alibaba's Jack Ma to become richest man in Asia
Rupee up 19 paise against dollar ahead of key macro data release
Sensex rallies 400 pts to hit record high; RIL shares surge 5%
US dollar ends cheaper against rupee
BSNL starts first internet telephony service in India
Silver futures harden by 0.19% on global cues
Passenger vehicle sales rise 38% in June; car sales up 34%
DoT clears Idea-Vodafone merger with conditions
Goyal asks Coal India to ensure supply for power sector
Higher MSP may have inflation, fiscal costs: Report
Will work closely with West Bengal for its progress: Prabhu
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
INTERNATIONAL NEWS
Money laundering scam: Zardari declared absconder by FIA
 (Karachi, July 22, 2018):Former Pakistan President Asif Ali Zardari and his sister Faryal Tal
Afghan vice president Dostum escapes blast on return from exile
Trump invites Putin to White House in the fall
Indian man shot dead in Canada, two suspects arrested
NATIONAL NEWS
Prepare To Fight 2019 Alone, Amit Shah Tells BJP On Rift With Shiv Sena
 (Mumbai, July 22, 2018):BJP president Amit Shah told party workers in Mumbai today that they
Supreme Court stays Madras HC order awarding extra marks to NEET Tamil candidates
Mob-lynching cases: Govt asks WhatsApp for solutions beyond labelling forwards
Unidentified 'intruder' killed at Indo-Pak border: official
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.