Anurag Jain's Blog

Main page

Just what's going on in my life. For more about me, visit my website www.AnuragJain.com

Contact me
# ajain@iimb.ernet.in
# anuragkjain
    @yahoo.com
# +91-9886178995

(Calls/SMS' welcome, but I won't reply to SMS')

# Yahoo Messenger

(Online 24 hrs but may not be on machine all the time.  You can be assured of a response, though!)

Aviation Blogs
- Aviation India
- Devesh Agarwal
- Kapil Bhargava

Blogs I know
- AlbumOfTheMoment - Alternative
     Perspective
- Anand Sridharan
- Anuradha Goyal
- Anurag Gupta
- Aqua
- Desi Bridget Jones
- Dream Reem
- Emergic
- Gary
- Google Blog
- IS Research
- Oneirodynic
- Life in a HOV Lane
- Nirantar
- Pankaj Bagri
- PhDweblogs
- Prof Sadagopan
- Rajeev Sharma
- Radio Monitors
     India
- RecordBrother
- Requiem for a
     Dream
- Retail India
     Business News
- Research Blogs
- Rojnamcha
- Scopitones
- Sling Inc.
- Slowread
- TheBuckStopsHere
- The Startup Journey - VC Circle
- Venture Intelligence

IIMB Blogs
- Aadisht Khanna
- Amit Gandhi
- Aragorn (Nikhil
     Gurjar)
- Deepak Devarajan
- Elysia
- IIM-B Thinks...
- Illusionaire (Kima)
- Gautam Srivastava
- Guhan
- Manu Bharadwaj
- Meenakshi Shankar
- Nikhil Ramesh
- PGSM Blog
- Pradeep Shastry
- Sridhar Raman
- Sudheer Narayan
- Sumit Mittal
- Twisted Shout
     (IIMB's Blog)
- Varathkanth
- Vinod ChikkaReddy
- Viswanathan RJ



RSS Feed:
1) Official Atom XML Feed

2)
Powered by
RSSify at WCC


Archives
*October 2002
*November 2002
*December 2002
*January 2003
*February 2003
*April 2003
*May 2003
*June 2003
*July 2003
*August 2003
*September 2003
*October 2003
*November 2003
*December 2003
*March 2004
*April 2004
*May 2004
*June 2004
*July 2004
*August 2004
*September 2004
*October 2004
*November 2004
*December 2004
*January 2005
*February 2005
*March 2005
*April 2005
*May 2005
*June 2005
*July 2005
*August 2005
*September 2005
*October 2005
*November 2005
*December 2005
*January 2006
*February 2006
*May 2006
*June 2006
*July 2006
*August 2006
*September 2006
*October 2006
*November 2006
*December 2006
*January 2007
*February 2007
*March 2007
*April 2007
*May 2007
*June 2007
*July 2007
*August 2007
*September 2007
*October 2007
*April 2008
*May 2008
*June 2008
*July 2008
*August 2008
*September 2008
*October 2008
*November 2008
*December 2008
*January 2009
*February 2009
*August 2022



[Powered by Blogger]

Blog Keywords: Bangalore
IIM Bangalore
IIMB
Cultural Events
Management Education
Entrepreneurship
B-Schools
India

Thursday, April 08, 2004

Posted 8:07 AM by Anurag
GPI

Indian economy seems to be booming. Every day there are GDP growth numbers bandied about in newspapers, magazines. While there's no doubt that GDP measures do indicate some sort of progress, apparently it doesn't capture the whole picture. On the negative side, I mean. I remember being taught in 1st year core Macroeconomics course that one of the GDP's drawbacks is that it doesn't capture the negatives as negatives: the money spent in the economy to make things right. For example, police force, crime control, or home generators for power, environmental degradation etc. Moreover, it doesn't capture some positives: economic value of household services etc.

Gross Domestic Product (GDP) is an artifact developed during World War II. And useful that it might be as itself, it needs a major overhaul for today's world. Economists at Redifining Progress are developing a better measure called Genuine Progress Indicator (GPI). GPI takes off from where GDP ends. The GPI results for the state of California are quite interesting. More at their site.
 0 comments                                                                                              

Comments: Post a Comment

Home