Beyond GDP: A Discussion Starter Part II

Beyond GDP: A Discussion Starter Part II
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“GDP growth,” India’s preferred yardstick for progress, does not capture many vital aspects of national wealth and well-being such as changes in the quality of health, the extent of education and the quality and quantity of our natural resources. Newspapers scream about India’s miraculous 8 percent or 9 percent GDP growth rate but many people ask, “What does this growth have to do with me?” Sponsored by Ritinjali, a non governmental organization working towards social and community development in and around New Delhi, the event looked at how we can move beyond GDP to look at more holistic measures of economic growth in India — its effect on our communities at large, their social, economic and ecological health, and ultimately the sustainability of our economic development.Pavan Sukhdev, the keynote speaker, is a co-founder of Green Indian States Trust and its ‘Green Accounting for Indian States Project,’ which aims to incorporate changes to the stock of natural capital and human capital into state domestic product accounts and provide a frame of reference for future dialogues on National and State policies in environment, education and health.Kapil Sibal, Cabinet Minister for Science, Technology and Earth Sciences and R.S. Pawar, co-founder and Chairman of NIIT Limited provided responses to Pavan's presentation.