AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Rethinking GDP as a measure of growth
Looking beyond GDP is important in countries like India, where economic growth is concentrated among the top 10%. More economists are questioning the traditional method of measuring growth and proposing alternatives that account for sustainability. GDP can include negative factors like war and pollution, and fails to acknowledge the damage growth can do to the environment. There are efforts to develop statistics on natural resources and climate impacts, but it's important to fix GDP's flaws rather than discard it altogether.