BJP MPs block adoption of parliamentary panel report critical of GDP calculation methodology

NEW DELHI: A parliamentary panel headed by way of veteran BJP chief Murli Manohar Joshi, in a draft record prepared by way of it, has wondered the mechanism for calculating the country's GDP and asserted that the technique wishes overview to reflect the bottom truth.

The record, which used to be tabled in the Estimates Committee meeting on Thursday, created a rift a number of the BJP parliamentarians of the panel, as Joshi used to be in favour of adopting the record, while other party participants led by way of MP Nishikant Dubey strongly antagonistic it.

While Joshi used to be antagonistic by way of his personal party MPs over the record, the opposition parliamentarians got here out in his strengthen on the meeting, in step with a source who used to be present there.

"Detailed examination reveals several inadequacies in the GDP measuring mechanism, most noticeable being depletion of natural resources not being taken into consideration," the record mentioned.

It also mentioned there is no mechanism to evaluate whether increase in Gross Domestic Product (GDP) results in happiness a number of the folks.

In the record, the committee concluded that the mechanism advanced for GDP estimation wishes overview.


It must reflect the bottom truth, it further mentioned.


Countering the claims in the record, Dubey mentioned India has adopted and adopted all globally approved parameters for calculating the GDP, and in an technology of globalisation, the country can't isolate itself by way of growing an indigenous solution to calculate the index.


He further mentioned if the country does so, it's going to severely have an effect on drift of international investment and the country's rankings by way of global businesses.


About calculation of unemployment in the nation, the record claimed annual employment and unemployment surveys have their own barriers, and mentioned it is stressful to notice that essentially the most exact length for which entire data on employment is available is 2011-12.
BJP MPs block adoption of parliamentary panel report critical of GDP calculation methodology BJP MPs block adoption of parliamentary panel report critical of GDP calculation methodology Reviewed by kailash soni on October 12, 2018 Rating: 5
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