Skip to main content

Gujarat is the best state for Economic Freedom : Perspective

By


Economic Freedom is a new measure of where an economy is headed. Based on work done by renowned economists – Milton Friedman and Michael Walker – an Economic Freedom of Indian states index was developed to understand where that state was headed.

Economic Freedom of the States of India 2012 report demonstrates the significant differences in economic governance that exist in India. It thus has focused attention on state-level reforms to improve inclusive economic growth. The Index is based on the Fraser Institute’s Economic Freedom of the World report. This was developed on the ideas of Milton Friedman, Michael Walker and others who wanted an empirically sound way to measure whether economic freedom would lead to better economic and social outcomes. This has indeed been conclusively demonstrated, and the index has become an important contribution to the international policy debate. Its success has inspired researchers to come up with sub-national indices to capture the performance of sub-national institutions in China, Germany and elsewhere. The Friedrich-Naumann Stiftung has been engaged in developing an Economic Freedom Index for the states of India for several years now. This index has become an important part of India’s reform discourse.
In this study, the state of Gujarat has emerged as a winner amongst the states in India.  This helps one understand why all the major countries and companies want to line up at the door of Narendra Modi to get a piece of the pie.
Top 10 States
One understands that there is a whole industry in India and outside which demonizes everything to do with Gujarat and Narendra Modi, but it is important to understand the role that Modi has placed in Gujarat’s emergence and instilling of pride in common Gujarati person.
Bihar’s Nitish Kumar is supposed to be the other “bright kid” on the block.  And Bihar comes in atlowly 20th in this list.
One needs to understand that this index is more of a future looking measure which points to where a state (or nation) is moving to.
Source : Drishtikone
Labels:

Comments

Post a Comment

Popular posts from this blog

Union HRD Minister to Release NBT-NCAER Study on Reading Habits of the Literate Youth of North-East India

By
Youth of North-East India: Demographics and Readership (Highlights) Union Human Resource Development Minister Dr M  M   Pallam   Raju ,  will release a report  Youth of North-East India: Demographics and Readership  in New Delhi tomorrow,  20 th  November, 2012. Ministers of State for HRD,  Sh   Jitin   Prasada  and Dr  Shashi   Tharoor  would also be present on the occasion. This focused Report attempts to give an analytical and detailed account of the reading habits of the literate youth in the north-eastern states and their exposure to different forms of media, and how diverse socio-economic and motivational factors impact their reading habit. The reading of ‘leisure or non-text books’ among the literate youth is the special focus of the study. The Report is a follow-up study of the  National Youth Readership Survey  (2009-10) assigned to National Council of Applied Economic Research (NCAER) by the NBT under the National Action Plan for the Readership Development amon
Post a Comment
Read more

NIOS to open study centre at Gaghidh central jail

By
Jamshedpur : In a boost to increase educational opportunities for inmates of the Gaghidih central jail, the prison administration has joined hands with National Institute of Open Schooling (NIOS). The NIOS regional office has agreed to open study centre in the Gaghidih jail next month. To start with, 30 inmates of the jail will pursue matriculation and senior secondary board examinations through NIOS study centres. "Initially, 30 inmates will pursue their academic career through NIOS and the classes shall begin by July," said jail superintendent Tushar Ranjan Gupta. The state government will bear the study expenses of the inmates. The NIOS will charge about Rs 2,000 from each inmate who seeks to appear in any of the two examinations. The institute will conduct biennial examinations In April and October every year. According to sources, out of the 12-odd CPI (Maoist) rebels who are currently lodged in the jail, a few have expressed their desire to pursue studies
Post a Comment
Read more

Patriotic Songs by Retd. IPS Sheel Madhur

By
Post a Comment
Read more