I just finished reading an excellent article by Kaushik Basu, Professor of economics, Cornell University. The title of the article is, ' India's economic report card'. Prof. Basu has described the present scenario of Indian economy and has reminded us of the miserable condition of the poor people. I am quoting from this article:
" Given the huge positive press that India has received in recent times, it is sobering to discover that India's per capita income is just a shade higher than that of sub-Saharan Africa, and about one-sixth that of Latin America.
Equally surprising is that 35% of India's population lives on less than $1 a day, which is comparable to Bangladesh's 36% and much worse than Pakistan's 17% and Sri Lanka's 6%."
However, Prof. Basu feels that there is enough room for optimizing about the Indian economy. To find out more just visit the following url: http://news.bbc.co.uk/2/hi/south_asia/5116596.stm
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