Why GDP should not be Growth Parameter of any Nation
Now a days GDP is very hot topic in India, As growth of Indian Economy is declining continuously. even after repo rate cut by Reserve Bank of India . GDP is stand for Gross Domestic Productivity. it is value of economy within the country.
As per my point of view growth of any nation lies in its basis infrastructure of public education system. public health system and social security of common man in fact we have no such system to measure the growth of nay native on these parameter. it has been seen that the countries growing with good GDP have not basis infrastructure , one of the best example is china. whose GDP growing year by year but failed on other parameter.
The data we get about public health system, poverty, basic infrastructure are from different source and agencies. there is no single indices like GDP which can reflect actual growth of any nation.
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Posted from my blog-: https://amarpatelblog.wordpress.com/2019/11/01/why-gdp-should-not-be-growth-parameter-of-any-nation/
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