A false GDP and a false economic growth rate may be high and impressive to both the misleading and the misled, but it would leave the law-makers and the sufferers without any solution as long as they confine themselves to the world of illusion.
A country's true development cannot be reflected in existing method of calculating the GDP. The method has been conventional for a long time but it gives an overall picture. The plight of the majority of the population, gets diluted in the process. As such, the economic condition of the lowest and the middle rungs of the social ladder, is put on the back-burner. However, the issues gets wings when the politicians use the same for political stunts. It is fairly used for deceiving the voters with false promises.
No comments:
Post a Comment