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What is the supported growth og india? pls give an example

Asked by janwhen, 09 Aug '08 10:53 am
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Income Inequality In India: Growth, Health And Development
Filed under: Growth, Health Dweep @ 10:58 pm
Economists frequently cite economic growth as the surest way out of poverty for the developing world. In this context, China is an often mentioned example, where double digit growth has brought over 300 million people out of extreme poverty over the past few decades. But closely tied to growth is the question of equality - of growing the pie, as opposed to distributing it.

In discussions of equality, India usually does better in comparison to China. Proponents of Indias path to development often point out that income inequality in India has historically been relatively low. The UN Human Development Report 2006 estimated the Gini Index - an indicator of income inequality - for India to be 32.5 in 2000. This compares favorably with much of the world, including the USA and OECD countries (Sweden: 25; Norway: 25.8; USA: 40.8; China: 44.7; Brazil: 58 - low numbers are better).

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Answered by deepak, 09 Aug '08 10:57 am

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