Indian Economy - News & Discussion Oct 12 2013

Kakkaji · Post by **Kakkaji** » 04 Jul 2015 05:13

Here's how the 'Make in India' campaign is reviving indigenous fabrics

The government's 'Make in India' initiative is giving a new lease of life to some relatively-unknown varieties of indigenous fabrics. Thanks to the efforts of designers and some state governments, fabrics such as ikkats and Uppada silks are being adopted and revived, as are the more popular Banarasi and khadi varieties.

Kakkaji · Post by **Kakkaji** » 04 Jul 2015 07:05

Half of rural India needs help

New Delhi, July 3: A new survey has shown that one in every two rural households is eligible for targeted government aid - a significant jump from two earlier estimates of those entitled to blanket benefits.

The provisional socio-economic and caste census (SECC) data released by finance minister Arun Jaitley show that almost half the 17.91-crore households in rural India may be considered under various targeted welfare schemes, depending on their specific deprivation.

The data suggest that 9.05 crore rural households may be excluded from most welfare schemes such as housing, social security pension, low-interest loans and scholarship for poor children.

But many of these "excluded" households may still get food security benefits since the National Food Security Act says that up to 75 per cent of the population in rural areas would get subsidised food.

uddu · Post by **uddu** » 04 Jul 2015 07:10

Last year we overtook Russians to become the 9th largest economy. This year we overtook Italy and Brazil to become the 7th largest economy. So at the moment we are the 7th largest economy. Next year (2016) we will overtake France to become the 6th largest economy. Then to reach the 5th spot may take two more year when we will push Britain to 6th position. And from next year onwards if we can get to the 10 percent growth rate, chances are by 2020, we can even overtake Germany and Japan and by 2020 become the third largest economy. From 2020 the competition will be then with the U.S and the Chinese.

And as time passes, it will become a two way competition between India and China the two largest civilization as it was in the past.

Kakkaji · Post by **Kakkaji** » 04 Jul 2015 08:20

7 in 10 homes rural, most live on less than Rs 200 a day, reveals new socio-economic census

A worrying picture emerged on Friday as the government released new data which showed that rural India accounted for 73 per cent households and 74 per cent of these survived on a monthly income of less than Rs 5,000 of its highest earner. According to the data, 51 per cent of the households are engaged in casual, manual labour and 30 per cent in cultivation.

member_28397 · Post by **member_28397** » 04 Jul 2015 08:30

rsingh wrote:Over heard that we are 2 tr economy officially. Could somebody give a clear picture using latest data. what is our position in world ranking. Thanks

by the end of March 2016 as per IMF projected GDP growth India will become 2.3 $ Trillion economy<7th in nominal GDP>.

If rupee stays stable or slightly appreciates and India grows around 7-8% in next 4 years by the end of NaMo 1st term India will stand at $ 3.5 Trillion economy.

Below are my projections till March 2019

March 2015 - 2.050 (in Trillion $)

March 2016 - 2.193

March 2017 - 2.462

March 2018 - 2.988

March 2019 - 3.452 Rupee@58

If NaMo gets re-elected we will be seeing an era in indian economy where per year jump will be around 1 trillion $ in majority of his 2nd term making India a true economic global powerhouse.

Yagnasri · Post by **Yagnasri** » 04 Jul 2015 08:46

Per capital income and distribution of income both are required to be taken care of if NM needs to win time and again. In the Make in India helps. I feel this make in India which brings greater relief for people of India that any great % of growths. Once we make serious actual and ground level achievements in that, even 10% plus can be possible.

Kakkaji · Post by **Kakkaji** » 04 Jul 2015 09:40

This could go in the Achievements thread:

Stalled projects see a sharp decline

Finally, there’s some good news for India Inc and the National Democratic Alliance (NDA) government. Stalled projects, a major concern on the economic front, are coming back on track, with the value of such projects declining by more than half in the past year. According to data provided by the Centre for Monitoring Indian Economy (CMIE), the value of stalled projects dipped 60.35 per cent to Rs 79,300 crore in the quarter ended June this year from Rs 2,00,000 crore in the year-ago period.

Yagnasri · Post by **Yagnasri** » 04 Jul 2015 09:46

On the ground I saw it from the first month itself. But infra companies are still not out of woods.

In power sector many state EBs do not pay to power production units promoted by private sector in time and many times the delays of almost killing in nature. Even the well administered states like TN are doing it now. Fortunately the coal/gas etc issue is not much there now.

Bankers are not willing to wait etc and decisions on big projects etc in PSU banks take months to come and most of the time either too soft or too hard on the borrowers, both leading to stressed accounts. S

Pratyush · Post by **Pratyush** » 04 Jul 2015 16:54

The multiplier from the rehabilitation projects, will start reflecting in the next few years of the GDP growth. The other positive end result will be that with debt restructuring, the infra cos, will return to black, and the banks will start to become a little less shaky.

nawabs · Post by **nawabs** » 04 Jul 2015 16:59

Arvind Panagariya to get Cabinet minister rank

http://www.thehindubusinessline.com/eco ... yndication

Kakkaji · Post by **Kakkaji** » 05 Jul 2015 06:26

Socio Economic and Caste Census: In rural areas, only 3.2 % graduates in Punjab, 4.14 % in Haryana

Amidst all the brouhaha about the Land Acquisition Bill, one striking fact that is coming out of this survey is that the majority of rural households are those of "landless labourers". They are the ones who are likely to benefit most from building rural infrastructure and industries. For these people even 'screwdriver technology' or 'garment sweatshop' make in India jobs are better than the irregular casual/ manual labour jobs they are doing right now.

Singha · Post by **Singha** » 05 Jul 2015 20:11

Tripura to get high-speed Internet connectivity from Bangladesh

http://flip.it/sFAIZ

A_Gupta · Post by **A_Gupta** » 05 Jul 2015 20:33

http://www.theaustralian.com.au/busines ... 7429539954

In 2010, the companies that cut and polish diamonds made a collective $US900 million ($1.19bn) in profits. This year those profits totalled $US100m. Reuters reports that 300,000 gem-cutters have been laid off in India and China, where most of the manufacturing takes place.

Karthik S · Post by **Karthik S** » 05 Jul 2015 21:29

Singha wrote:Tripura to get high-speed Internet connectivity from Bangladesh

http://flip.it/sFAIZ

Why through BD? Why not lay FiOC from WB to the NE?

Picklu · Post by **Picklu** » 05 Jul 2015 22:01

^^^ My guess is that it is a good deal on multiple levels.

a. Bangladesh probably has unused bandwidth
b. It is available now rather than in future; buys time to develop national infra through challenging terrain. It has to be done for strategic nature but not in a hurry.
c. India is getting a financially good deal as the bandwidth is unused by Bangladesh anyway and less upfront capital.
d. Helps balancing the trade for one of our poor neighbors and integrate their economy more closely with us. Given relative size that also works for our benefit.

nawabs · Post by **nawabs** » 06 Jul 2015 08:58

Is the capex cycle finally turning?

http://www.business-standard.com/articl ... 656_1.html

But even as stability has returned, growth has not followed suit. The new gross domestic product (GDP) series suggests a rollicking economy but, as has been widely discussed, the data just does not sync with the reality on the ground over the last few quarters. Instead, a variety of high-frequency indicators - particularly corporate earnings growth - have reflected growth's soft underbelly over the last few quarters.

Of particular lament is the lack of investment growth over the last three years. Pre-crisis fixed capital formation grew at 14 per cent a year for five years! Over the last three-years, it has grown at a paltry 1.6 per cent a year. Why does this matter? Because it was the capacity-creating investment growth pre-crisis that meant that core inflation averaged less than five per cent even when GDP growth was steaming along at nine per cent. And, it was the absence of investment-led growth that meant that core inflation rose to nine per cent post-crisis even as growth has slowed markedly. All told, the quality of growth matters every bit as the quantity.

And this is where some goods news is finally emerging. After three years of dormancy, there are early signs that something is stirring on the capital expenditure (capex) cycle led by infrastructure investment. What is the evidence to support this?

Capital goods production has increased smartly within the Index of Industrial Production (IIP) and is averaging 10 per cent over the last three months, a consistency and level not seen since the spring of 2011.

Admittedly, given that the IIP is notoriously volatile, the risk of over-interpreting a few data points is high. Therefore, to distinguish whether this is signal or noise we looked at the sales of capital goods companies in the BSE 100. We find that sales in real terms are averaging 10-11 per cent over the last two quarters, adding credence to the cap-goods production lift.

Third, lending to infrastructure is picking up. Given the dramatic fall in inflation, its important to distinguish between nominal and real variables. In real terms, credit off-take to infrastructure grew at over seven per cent over the last three months, compared to five per cent all of last year

Fourth, the momentum of commercial vehicle sales has ticked up smartly over the last few months.

And finally, orders books in the road-sector are thickening, with the National Highway Authority of India (NHAI)'s order book increasing by nearly 13 per cent and Larsen & Toubro's (the best proxy for infrastructure in India) increasing by 28 per cent.

So something is clearly stirring on the ground. But the question is how will this be financed as the cycle picks up? Given the level of impaired assets and capital constraints, public sector banks are understandably averse to cutting rates and growing their asset books, thereby impeding monetary transmission. So broader credit growth remains anaemic, and is often cited as a symptom of weak growth.

But we believe credit is going to be a lagging, not leading, indicator of growth in this cycle.

Instead, the early part of the capex cycle is likely to be financed by non-bank sources that have experienced far greater monetary transmission. Take the case of corporate bonds: Yields have fallen by 75 basis points since last September and, between April and December last year, corporate bonds accounted for nearly a quarter of all flows to the corporate sector compared to an average of 15 per cent in the past years. In fact, during that time, corporate bonds and foreign direct investment together accounted for about 43 per cent of corporate funding, even higher than bank credit! So non-bank sources are likely to dominate in the early part of the cycle.

Complementing this is the fact that in the transportation sector, most capex is likely to happen on the back of government-funded cash contracts ("the EPC" model) from higher budgetary allocations instead of the erstwhile BOT ("Build-Operate-Transfer") model.

So what's changed? What's driving this pick-up? A confluence of three factors, in our view. First, implementation bottlenecks on the ground (coal, environmental clearances) - which were long a binding constraint - are being alleviated with stalled projects falling for a sixth quarter between April and June. Second, a front-loading of government capex spending - which grew at 138 per cent in the three months leading up to May.

The government's intention appears clear - to bunch up capital spending early in the year to help crowd-in private capex. Finally, monetary conditions have eased in recent months on the back of rate cuts and some real depreciation of the currency in April and May. We believe all three factors have conspired to drive some lift.

But even as hopes are rising, it's important to be realistic. For now, any capex lift is expected to be modest given prevailing headwinds. Even as firms are able to tap non-bank sources of financing, banks' risk aversion linked to their capital constraints will eventually become a binding constraint on incremental financing. And while implementation bottlenecks are easing, land acquisition remains an impediment for many infrastructure projects, with prospects of near-term reform reducing. Finally, even as roads, power, railways and defense sectors are likely to get a boost, investment in commodity-intensive sectors is likely to remain weak amidst depressed global commodity markets. But these headwinds are known.

For now, let's at least heave a sign of relief that the much-awaited capex cycle - lying dormant for many years - may finally be shaking off some of its slumber.

Melwyn · Post by **Melwyn** » 06 Jul 2015 22:06

This is much worse than I thought. PSU banks are in real bad shape.

Bad loans almost half of PSU bank's capital base: Fitch

srin · Post by **srin** » 06 Jul 2015 23:41

"recapitalization" is just another name for a bailout, rt ?

What else can be done about these bad loans ? I suspect that corruption is a big factor in grant of these loans in the first place. And as such, bailing out seems to be like rewarding bad practices with taxpayers' money. That's a moral hazard.

ShauryaT · Post by **ShauryaT** » 07 Jul 2015 02:49

uddu wrote:Last year we overtook Russians to become the 9th largest economy. This year we overtook Italy and Brazil to become the 7th largest economy. So at the moment we are the 7th largest economy. Next year (2016) we will overtake France to become the 6th largest economy. Then to reach the 5th spot may take two more year when we will push Britain to 6th position. And from next year onwards if we can get to the 10 percent growth rate, chances are by 2020, we can even overtake Germany and Japan and by 2020 become the third largest economy. From 2020 the competition will be then with the U.S and the Chinese. And as time passes, it will become a two way competition between India and China the two largest civilization as it was in the past.

Great. The only nitpick I have is to the last part. In order to be truly the way it was in the past, the measure has to be per capita income and not overall GDP. Not to rest, until our per capital GDP is the highest in the world. Dare to dream!

RamaY · Post by **RamaY** » 07 Jul 2015 05:12

ShauryaT wrote:
uddu wrote:Last year we overtook Russians to become the 9th largest economy. This year we overtook Italy and Brazil to become the 7th largest economy. So at the moment we are the 7th largest economy. Next year (2016) we will overtake France to become the 6th largest economy. Then to reach the 5th spot may take two more year when we will push Britain to 6th position. And from next year onwards if we can get to the 10 percent growth rate, chances are by 2020, we can even overtake Germany and Japan and by 2020 become the third largest economy. From 2020 the competition will be then with the U.S and the Chinese. And as time passes, it will become a two way competition between India and China the two largest civilization as it was in the past.
Great. The only nitpick I have is to the last part. In order to be truly the way it was in the past, the measure has to be per capita income and not overall GDP. Not to rest, until our per capital GDP is the highest in the world. Dare to dream!

Easily achieved by fixing INR FX rate at 1:1 with any currency.

Jokes apart, we need to understand what a $50K per capita income for India. It translates to a $75-80Trillion economy. Does it mean to 5-6 times of US national resource conversation levels OR enslaving the US+EU+China & diverting their produce to Indians like (sic) Great Britain did OR $75T economy will afford same (current) levels of resources & HDI levels.

Prem · Post by **Prem** » 07 Jul 2015 06:47

For resources, Canada,Australia and Africa will help. Like Modi said, for becoming Jagat Guru, we need to send 100 million Gurus to these 3 territories for positive political influence.

ramana · Post by **ramana** » 07 Jul 2015 07:55

Suraj predicted all these number changes way back 2001 era.

Singha · Post by **Singha** » 07 Jul 2015 08:14

incase people are not aware some people in NE border areas with poor telephone connectivity use BD SIM's and cellular network to communicate among themselves. internet via dsl or ethernet is a far cry there.

we need to attach BD economy to ours through road, rail, telecom, power, education, shipping, tourism or watch as china does it. its a zero sum game on finite timeline. cheen is already making big move into north myanmar.

why not tourism? BD has a lot of historical and scenic sites but the number of indian tourists must be minimal mostly traders.

Vayutuvan · Post by **Vayutuvan** » 07 Jul 2015 08:32

Two reasons for lukewarm tourism from India, imho. One is that The perception of BD being poverty stricken and secondly cimalsi country. The whole I bigger than sum of the parts. How many would like to go to a poor radical country for pleasure? Count me out - I would rather drown myself in bacchanalian islands of Greece or Malta.

chetak · Post by **chetak** » 07 Jul 2015 09:09

srin wrote:"recapitalization" is just another name for a bailout, rt ?

What else can be done about these bad loans ? I suspect that corruption is a big factor in grant of these loans in the first place. And as such, bailing out seems to be like rewarding bad practices with taxpayers' money. That's a moral hazard.

The very same suited booted page three type "industrialists" are screaming that the Modi govt is not bringing in "reforms" fast enough meaning not lending them more money so that they can swindle it again as they were doing with the scamgress gravy train.

Simply convert the bad loan to equity and sell mercilessly in the market. Downgrade their credit rating and kill the jokers.

chetak · Post by **chetak** » 07 Jul 2015 09:11

vayu tuvan wrote:Two reasons for lukewarm tourism from India, imho. One is that The perception of BD being poverty stricken and secondly cimalsi country. The whole I bigger than sum of the parts. How many would like to go to a poor radical country for pleasure? Count me out - I would rather drown myself in bacchanalian islands of Greece or Malta.

just like going to the lakshadeep islands. The hostility is palpable.

Singha · Post by **Singha** » 07 Jul 2015 15:00

^^ is that a recent phenomenon?

Suraj · Post by **Suraj** » 07 Jul 2015 21:42

ramana wrote:Suraj predicted all these number changes way back 2001 era.

Not that long ago

And it was you who got me interested in the topic by asking me to read those CIA and BRIC reports, and project forward with them. We'd be doing better if we didn't have the 'UPA interregnum', but that is another story for another thread.

India overtakes US as 3rd largest steel producer: Steel & Mines Minister

India has overtaken the US to become the world's third largest steel producer and is working towards achieving 300 million tonnes (MT) target in the next 10 years, Union Steel & Mines Minister Narendra Singh Tomar said today.

"So far India was the 4th largest steel producer in the world only after China, Japan and the US. However, during the first five months of this calendar year, India has achieved the 3rd position in the global steel production," Tomar said.

"However, per capita steel consumption is quite low, 60 kg as against the world average of 216 kg. The low consumption no doubt indicates huge growth potential for Indian steel industry. India has fixed a target of 300 MT production capacity by 2025 and the steel ministry is working out action plan and strategies to achieve this target," he said as per an official statement issued here.

Indian steel industry is already in expansion mode. The older steel plants are being modernised and expanded. New green field plants are also coming with state-of-the-art technologies.

An example of the UPA interregnum: steel output was supposed to touch 120MT by 2012 when POSCO and Mittal Steel would have opened their plants, but is currently at ~90MT this year, because neither have come to fruition yet. So far this year until May, India produced 38MT of steel, vs 33MT by US, for a full year projection of about 90-92MT. Japan is in 2nd place with 44MT so far this year.

ramana · Post by **ramana** » 08 Jul 2015 03:48

You still have those XL files? Put an image if possible.

g.sarkar · Post by **g.sarkar** » 08 Jul 2015 09:04

Suraj wrote: An example of the UPA interregnum: steel output was supposed to touch 120MT by 2012 when POSCO and Mittal Steel would have opened their plants, but is currently at ~90MT this year, because neither have come to fruition yet. So far this year until May, India produced 38MT of steel, vs 33MT by US, for a full year projection of about 90-92MT. Japan is in 2nd place with 44MT so far this year.

Old timer like me can remember in the 60s, One day's steel production in the US was more than 1 years' production by India. How things have changed.
Gautam

Singha · Post by **Singha** » 08 Jul 2015 10:44

they used to talk of the 'dark ages' in europe between when the roman empire collapsed and renaissance, with the eastern roman empire in constantinople (byzantium) functioning as a bridge to keep alive knowledge and art until the renaissance happened in western europe.

we just had 60 years of dark ages under the congis to add to 200 under the british and another 500 under various sultanates where all they cared about was raping via taxation, wine, women, meat and war. this when prestigious univs in italy, germany, france, UK were being founded and developing the core of western science and warfare. the 700-800 yrs of sultanates in india created NOT ONE single centre of higher learning that could compete with euro univs and infant destroyed whatever was left of the old ones like taxila, nalanda...massacring the teachers and monks. in parallel there was indeed great islamic univs in cairo, damascus, baghdad, istanbul, jerusalem, cordoba to my knowledge but we seemed to have got the worst Pappu type sultanates of the lot.

manju · Post by **manju** » 08 Jul 2015 15:59

Singhaji

It is all the fault of bloody yindooss. if only they had converted peacefully without putting up a fight. Then the sultans and shahenshas would have had time to open universities

(Sarcasm hat off)

A_Gupta · Post by **A_Gupta** » 08 Jul 2015 16:55

...we just had 60 years of dark ages under the congis...

IITs are Nehru's legacy, no?

Singha · Post by **Singha** » 08 Jul 2015 20:56

https://www.facebook.com/CDACINDIA/post ... 5950578986

india started a cdac supercomuter in kazakhstan today. iitk cse comp arch prof rajat moona who had mauled my batchmates and UGs in comp arch course with C's and D's grades is the dir gen now.

namo taking a keen interest in things as usual. sees everything, soaks up things.

btw raga had a 2 hr meeting with several prominent startup founders this week....for unknown reasons.
http://timesofindia.indiatimes.com/tech ... 943436.cms

member_20292 · Post by **member_20292** » 08 Jul 2015 22:48

A_Gupta wrote:
...we just had 60 years of dark ages under the congis...
IITs are Nehru's legacy, no?

Its possible that the same money, spent on basic education would have a better ROI

Karthik S · Post by **Karthik S** » 08 Jul 2015 22:57

mahadevbhu wrote:Its possible that the same money, spent on basic education would have a better ROI

Absolutely, IIRC that's what SoKo did during its initial years.

vina · Post by **vina** » 09 Jul 2015 10:04

Hmm. Saw an article in Al-Hundi I think 2 or 3 days ago about the recently published socio economic & caste survey and the UNICEF & GOI rapid survey of children . A couple of conclusions were eye popping.

1. There is massive disparity between the states in the northern/ eastern parts of the country (UP , Bihar , Bengal) and the southern states (TN, KA,KL, and MH) in terms of malnutrition and stunting in children. These states pull down the averages of India to dismal levels, despite the dramatic overall improvements. One shudders what the really bad numbers within those states will be , even within those bad states. It must be dismal.

2. Gujarat performs miserably in social indictors. It's child mortality, malnutrition and stunting rates cluster around all india average if I remember or worse.

3. The caste wise distribution is even more enlightening. An average scheduled caste kid in the souther states has far better stunting and malnutrition rates than the "forward castes" in Bihar, Jharkhand etc, and better than in Gujarat!

4. Vehicle ownership rates in most southern states among SCs is better than for FCs in many northern states!

5. The number of S.C income tax payers in KA is HIGHER than the number of F.C income tax payers in Gujarat.

6. Immunisation rates of children in Gujarat is piss poor, far poorer than Bangladesh and many sub saharan african countries.

I find these statistics shocking. The northern states (BIMAROU) are in deep deep misery and we need some improvement here. Yes, despite all the "economic progress" in Gujarat, the social indicators are terrible. The public health and education system seems to be in tatters there. Shame really. I find that stat of more S.C tax payers in KA than FC tax payers in Guj to be amazing. I would have thought that Gujarat with its really high per capita income would have more tax payers across the spectrum !

Yes, if the KL model touted by Amartya Sen at all is deeply flawed in one way , the Guj model is deeply flawed in another. The best models seem to be TN and MH , which score highly in both incomes AND in social progress among the large states.

Aditya_V · Post by **Aditya_V** » 09 Jul 2015 10:19

Vina, Quite frankly given how many of authors of the reports and Hindu have been very economical with the truth. The samples could very well be skewed. You SC FC point then demolishes the caste discrimination argument then.

The tallest and richest 100 kids in BD will be better than the weakest and poorest 100 kids in Gujarat or Even USA.

If I am right the report was authored by one "JEAN DREAZE", the head of NAC(the un elected body) which ran India for 10 years, who said in 2014 how proud he was he destroyed India's economic growth which was so FASCIST.

I think it would better to compare with State govt or more unbiased statistics than this.

vina · Post by **vina** » 09 Jul 2015 10:30

Aditya_V wrote:Vina, Quite frankly given how many of authors of the reports and Hindu have been very economical with the truth. The samples could very well be skewed. You SC FC point then demolishes the caste discrimination argument then.

The tallest and richest 100 kids in BD will be better than the weakest and poorest 100 kids in Gujarat or Even USA.

If I am right the report was authored by one "JEAN DREAZE", the head of NAC(the un elected body) which ran India for 10 years, who said in 2014 how proud he was he destroyed India's economic growth which was so FASCIST.

I think it would better to compare with State govt or more unbiased statistics than this.

The methodology will be verifiable . For e.g., in the UNSECO/GOI statistics, which the GOI has refused to publish, the Economist has got its hand on the data and published. The Economist and UNESCO says that they are okay with methodology.

So why doesn't the GOI just publish the raw data and give access to everyone. You and I can just play around with the data on a spreadsheet and come to our own conclusions ! Why be so secretive and give ammo to the Jean Dreaze types .

Sure , there are issues everywhere. For e.g., what the data says, that this FC/SC/BC/OBC classification is more relevant WITHIN states and that on a purely economic ground , an average SC from TN is probably has far better indiacators than an FC from Jharkhand/Bihar and it doesn't make sense to central level schemes tailored to a one size fits all definition of backwardness purely on caste on an all India basis. An average FC in Bihar/Jharkhand probably needs more help than an average SC in TN/KL. And surely Bihar as a whole, has serious catching up to do with TN, as it's averages are so miserable.

gakakkad · Post by **gakakkad** » 09 Jul 2015 11:34

vina wrote:Hmm. Saw an article in Al-Hundi I think 2 or 3 days ago about the recently published socio economic & caste survey and the UNICEF & GOI rapid survey of children . A couple of conclusions were eye popping.

1. There is massive disparity between the states in the northern/ eastern parts of the country (UP , Bihar , Bengal) and the southern states (TN, KA,KL, and MH) in terms of malnutrition and stunting in children. These states pull down the averages of India to dismal levels, despite the dramatic overall improvements. One shudders what the really bad numbers within those states will be , even within those bad states. It must be dismal.

2. Gujarat performs miserably in social indictors. It's child mortality, malnutrition and stunting rates cluster around all india average if I remember or worse.

3. The caste wise distribution is even more enlightening. An average scheduled caste kid in the souther states has far better stunting and malnutrition rates than the "forward castes" in Bihar, Jharkhand etc, and better than in Gujarat!

4. Vehicle ownership rates in most southern states among SCs is better than for FCs in many northern states!

5. The number of S.C income tax payers in KA is HIGHER than the number of F.C income tax payers in Gujarat.

6. Immunisation rates of children in Gujarat is piss poor, far poorer than Bangladesh and many sub saharan african countries.

I find these statistics shocking. The northern states (BIMAROU) are in deep deep misery and we need some improvement here. Yes, despite all the "economic progress" in Gujarat, the social indicators are terrible. The public health and education system seems to be in tatters there. Shame really. I find that stat of more S.C tax payers in KA than FC tax payers in Guj to be amazing. I would have thought that Gujarat with its really high per capita income would have more tax payers across the spectrum !

Yes, if the KL model touted by Amartya Sen at all is deeply flawed in one way , the Guj model is deeply flawed in another. The best models seem to be TN and MH , which score highly in both incomes AND in social progress among the large states.

this statistics are beyond garbage....I know first hand that immunization rates in Guj are around 90% ,better than Bible belt american states...

I have already rubbished the malnutrition data in the past...the studies cited were non existent or poorly done...totally fabricated garbage...