#Bondhu tomar pather sathi ke chine nio how to
#Bondhu tomar pather sathi ke chine nio series

Similarly, in вЂњThe Growth DelusionвЂќ (2018), David Pilling, a senior journalist with the Financial Times, raised what sounds like a commonsensical question: вЂњOur policies are geared relentlessly towards increasing our standard measure of growth, Gross Domestic Product. The 2018 book, вЂњBeyond GDP: Measuring what counts for economic and social performanceвЂќ by Stiglitz, Fitoussi and Durand built on the Stiglitz-Sen-Fitoussi report to find alternatives to GDP.

#Bondhu tomar pather sathi ke chine nio how to

Most notably, in 2008, Nicholas Sarkozy, then the President of France, commissioned a report from Joseph Stiglitz (President of the Commission), Amartya Sen (Advisor) and Jean Paul Fitoussi (Coordinator) вЂњto identify the limits of GDP as an indicator of economic performance and social progress, including the problems with its measurement to consider what additional information might be required for the production of more relevant indicators of social progress to assess the feasibility of alternative measurement tools, and to discuss how to present the statistical information in an appropriate wayвЂќ.

#Bondhu tomar pather sathi ke chine nio series

In 2019, when Arvind Subramanian, the former Chief Economic Advisor to the government, questioned the validity of the new GDP data series that was unveiled in 2015, we explained the issue in detail and you can read about the arguments and counter-arguments here.Д«ut what about the larger question about the appropriateness of GDP as a measure of economic growth?ДЇor a while now, GDPвЂ™s dominance has been questioned.

As such, if a tree is cut to make three cricket bats then the final market value of those three bats is the number that gets added to the GDP, not the market value of the wood as it passes through different stages of processing (supply chain) to become a cricket bat. It is important to note that GDP maps the вЂњfinalвЂќ goods and services, not the intermediate ones. The International Monetary Fund states вЂњGDP measures the monetary value of final goods and services-that is, those that are bought by the final user-produced in a country in a given period of time (say a quarter or a year)вЂќ.