India shining or is it at the bottom among Asian peers?
Aug 17 2012, 10:51 | By CNBC-TV18
The Indian economy in the past seven decades has certainly grown rapidly. From a 3.5% Hindu rate of growth until the 80's to a 5% growth in the 80's to 6% in 90's to 8% in the 2000s, reports CNBC-TV18's Gopika Gopakumar. But does that mean economic development. Take a look at India versus China and her South Asian neighbours since 1990.
India stands very close to China and way above her South Asian neighbours on per capita income growth. India's income grew four times from Rs 877 in 1990 to Rs 3560 in 2010. Only China did better growing 9 times. The rest of our neighbours just doubled or tripled their income.
However, look at life expectancy: India's has risen from 58 to 64 but all our neighbours - Bangladesh, Bhutan, Pakistan, Lanka and of course China have done better.
Proportion of underweight children: India has 43.5 % of them, Bangladesh has only 41%, Bhutan 12%, Srilanka 21% and China just 4%.
In short, we have miles to go before we crow about our development.
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