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7) Some analysts argue that Purchasing Power Parity (PPP) measure of GDP which ranks India among fastest growing nations is not a true reflection of India’s economic and social growth. Critically analyse flaws in the method and explain what in your opinion needs to be done to reflect correctly the overall socio-economic development of the country.

Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment

7) Some analysts argue that Purchasing Power Parity (PPP) measure of GDP which ranks India among fastest growing nations is not a true reflection of India’s economic and social growth. Critically analyse flaws in the method and explain what in your opinion needs to be done to reflect correctly the overall socio-economic development of the country. (200 Words)

The Hindu

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