Pune, Jan 7: India is not match for neighbouring China when it comes to social development indicators, eminent economist and Nobel laureate Amartya Sen has said.
“There is a huge gap there (on social front) as China is one of the best performers in terms of social indicators,” Sen said while speaking at the Indian Economic Association convention here.
Making an assessment of the Indian economy and the benefits that have percolated down the social sector, he said, “India's disadvantage can be seen even in comparison with countries that are doing far less well than China, but still a lot better than India.”
While India has been overtaking other countries in the progress of its real income, it has been lagging behind others in terms of basic social indicators of quality of life, he said.
In fact, India is being overtaken in these respects by many other countries even within the region of South Asian itself, he added.
He said India's average ranking among six South Asian economies (India, Pakistan, Bangladesh, Sri Lanka, Nepal and Bhutan) has “fallen from being the second best to being second worst and this is so despite the fact that India has grown immensely faster than all other economies in South Asia in terms of GNP or Gross Domestic Product (GDP).”
The relation between economic growth and advancement of living standards depends on many factors.
One of them is what is done with the public revenue that is generated by economic growth, said Sen who won the 1998 Nobel Prize for his contributions to welfare economics.