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Is GDP the right metric to compare economic progress of today's India with USA?

  1. profile image47
    kaveriyammaposted 7 years ago

    Is GDP the right metric to compare economic progress of today's India with USA? Are not the...

    value of products & services the countries produce vastly different? US growing slow now being a military industrial power while India racing now because of much needed infrastructure growth with impressive Steel, Cement & Agriculture growth for the millions?

  2. AndieCZ profile image60
    AndieCZposted 7 years ago

    GDP and the growth of GDP does not reflect the quality of life in the countries. The US is known to grow slowly /but still much quicker than Europe/, but most Indians would love to enjoy the US stagnation over the rapid Indian growth. It is always about the basis you start the growth from...

  3. dabeaner profile image57
    dabeanerposted 7 years ago

    GDP is a phony statistic.  Only government employees and lackeys and toadies pay attention to it.  It is not a measurement of wealth and actual production.

  4. H P Roychoudhury profile image47
    H P Roychoudhuryposted 7 years ago

    GDP is the overall record of economic progress in certain extent but not the all of the economic growth. It is the policy of the USA to rule over globe by creating something which is not available in other place. Such as industrial military equipment, industry of nuclear power sector etc.

 
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