The GDP centric view totally ignores the ongoing grve depletion of - TopicsExpress

The GDP centric view totally ignores the ongoing grve depletion of natural capital,human capital and social capital Indeed ,the claim that indias rapid economic growth is helping create much needed employment is dubious ; the annual rate of growth in employment in the organised secyor that was 2 per cent when the GDP was growing at 3 per cent actually declined to one percent as the GDP growth rate soared to 7 per cent .So what we are witnessing is jobless growth with accompanying erosion of human and social capital - Madhav Gadgil (Chairman of the WGEEP )

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