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Topic : GDP
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Will the UPA government spending in social sector pay off to increase GDP of the country

Created by : Alok Routray, PGPM 2010 Batch  | 07 02 2009 06:47:17 +0000
Keywords : social sector has long been negletad in india. but there lies a great potential untapped.
Activity:  229 views;  last activity : 07 06 2010 20:18:09 +0000

Increasing the status of economic backward class people will contribute to increase private final consumption of the country. Thus it will increase GDP in long run.

  
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GDP= Gross consumption+Investment+Government expenditure+Net Exports.

This implies that investment in the social sector will uplift their standard of living. Improved standard of living will increase the pecapita consumption. Increase in consumption will lead to increase in GDP
By Alok Routray, PGPM 2010 Batch  07 02 2009 06:47:17 +0000
 
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I don’t know much about this topic .

Have heard that due to the multiplier effect a small change in government spending results in a bigger change in the GDP. Again it is the public who is funding the exchequer. I think a hike in social sector spending will favour economically backward and rich will be taxed more.  
By Padmanabhan R, Articled / Audit assistant, Finance student  | 07 02 2009 14:34:30 +0000
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Yes Alok in a long term approach it will do really good for the country's GDP is concerned if the BPL and others things are taken care of and the move by the UPA government is most welcome and one may not see the results now itself, but in the longer run sure it has its many advantages....
By Jyoti Rath, Sr. Associate, Barclays  | 07 02 2009 08:05:58 +0000
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