Manvantaratruti
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Every statistical survey are bound to go through challenges from opposite set of economists and Raghuram Rajan report (this report has been based on various factors like health care etc) has been no exception. There are plenty of data available on internet over the sluggishness on Industrial growth, the difference between project signed and project implemented which shows this is not an out of the world model as it's being religiously preaching from some corners. Again,as I said I will reserve my comments only when this man gets ample chances to perform and I am strictly against raising the standard beyond his capacity before he assumes PM ship. Till then we can leave these discussions for expert economists.
There is an old adage "Statistics hide more that what they reveal".
Raghuram Rajan report has used ten variables to 'Rate' states and strangely all these 10 variables have equal weight. No explanation is given and even the 10 variables selected are arbitrary. They are,
1) Monthly per capita consumption expenditure
2) education
3) health
4) household amenities
5) poverty rate
6) Female literacy
7) percent of SC/St in population
8) Urbanisation
9) Financial Inclusion
10) connectivity.
Now of these,
1. SC/ST in population is not controlled by Modi ..... it is an historical legacy.
2. Under Financial inclusions he has Refused to include household banking facility but instead has chosen to measure credit per capita and credit deposit ratio. Both of these are again dependent of historic factors. Especially Non Banking credit widely used in Gujarat among the business community.
3. Per capita expenditure does not take into account "savings" so states which have a poor record of savings and banking appear to be more 'developed' a.k.a Bihar Orissa on the other hand which has twice the per captia income than Bihar comes last in the report
There are more ..... but you get the gist.
It does not take a economist to see what can be gleaned by common sense.
Raguram Rajan report is a political tool, which is why no one has taken it seriously.
Its not flawed, Its correct if u take all the points..I can 100% say that state which has more people dont have access to toilet is less developed. Forget all other points.
WRONG. It is deeply flawed.
Access to toilet depends on availability of water, proximity of Rivers, portability of water, annual rainfall, urbanization and historical social and cultural sanitational awareness.
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