breakfast with bl | Chief Economic Advisor V Anantha Nageswaran on social indicators

In a conversation with businessline’s Editor Raghuvir Srinivasan, Chief Economic Advisor V Anantha Nageswaran said, “It’s not just per capita GDP, which is just an average measure, but also the the distribution, all these things, do matter. And I think we are not doing badly on those scores as well, because if you take into account the transfers and the taxes, if you calculate, distribution of income after taxes, after transfers by the governments, both union and states are taken into consideration, then the distribution of income and the distribution of purchasing power is quite reasonable, and growth is always, not the conclusive, indicator, It is a necessary condition. You can’t distribute nothing. You have to distribute something, and that something has to be created. So in that sense, growth is a very essential precondition.“