Friday, September 16, 2011
Gmail - India after two decades of economic reforms... - shrivh@gmail.com
India after two decades of economic reforms -
During these past two decades, the rich-poor gap has intensified, poverty still remains high, and unemployment generation has grown at a paltry rate. Here are the numbers- the Gini coefficient, which measures income inequality across households, has gone up from 25.8 in 1993-94 to 28.8 in 2009-10 in rural areas and from 31.9 in 1993.94 to 38.3 in 2009-10 in urban areas. The number of absolute poor in India has declined only marginally from 404.9 m in 1993-94 to 397 m in 2009-10. What is even more perplexing is that the average rate of employment generation during this period has been a meagre 1.3% per annum. This is significantly lower than the rate of population growth or the rate of growth of working age population. In fact, during the last five years the rate of employment growth has been the lowest at 0.2% per annum.
During these past two decades, the rich-poor gap has intensified, poverty still remains high, and unemployment generation has grown at a paltry rate. Here are the numbers- the Gini coefficient, which measures income inequality across households, has gone up from 25.8 in 1993-94 to 28.8 in 2009-10 in rural areas and from 31.9 in 1993.94 to 38.3 in 2009-10 in urban areas. The number of absolute poor in India has declined only marginally from 404.9 m in 1993-94 to 397 m in 2009-10. What is even more perplexing is that the average rate of employment generation during this period has been a meagre 1.3% per annum. This is significantly lower than the rate of population growth or the rate of growth of working age population. In fact, during the last five years the rate of employment growth has been the lowest at 0.2% per annum.
// posted by Shri H @ 6:29 AM 
