India more prosperous than China: Report

Discussion in 'Defence & Strategic Issues' started by tarunraju, Dec 3, 2009.

  1. tarunraju

    tarunraju Moderator Moderator

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    India is more prosperous than China, according to the findings of a new study.

    The third edition of the Legatum Prosperity Index, published on Tuesday, ranks 104 countries (covering 90% of the world’s population), based on a definition of prosperity that combines economic growth together with measures of happiness and quality of life. According to this year’s Legatum Prosperity Index, India ranks 45th in the world, slightly behind emerging giant Brazil (41st) but well ahead of China (75th).

    While this may seem like an excellent reason for Indians to celebrate, there are certain factors which need to be examined. Although outperformed by China on several economic indicators, India’s superior overall ranking is achieved through its performance in the critical non-economic factors such as personal freedom which encompasses freedom of speech and religion, national tolerance for immigrants and ethnic and racial minorities and for which India ranks 47th globally compared to China’s 91st place. India also ranks highly on measures of social capital, reflected in the percentage of citizens who volunteer, give to charity, help strangers, and who feel they can rely on family and friends.

    In this area, India ranks fifth in the world, ahead of the US, the UK and Finland. Explaining the findings, Dr William Inboden, Senior Vice President of the Legatum Institute said, "India is a classic example of a country whose prosperity stems largely from its social capital and quality of life rather than its performance on the purely economic measures. Although China outperforms India on several economic indicators, India is 30 places higher in the final rankings because of China’s poor levels of personal freedom and democracy."

    However, advocating caution against premature exultation, he added, "There are some areas of concern for India, particularly in the quality of healthcare and education for which India ranks 88th and 86th respectively." The report says that India’s low global ranking on health indicators results from a number of factors: severe underinvestment in medical facilities resulting in poor standards of healthcare; low levels of improved sanitation facilities; undernourishment affecting 20% of Indian citizens; a low average health adjusted life expectancy of 53 years; and a high number of citizens reporting that they suffer from health problems.


    What is the Legatum Prosperity Index?

    The 2009 Legatum Prosperity Index is based on statistical analysis of more than 40 years of data for more than 100 countries worldwide, produced and supervised by the Legatum Institute — an independent policy, advocacy and advisory organisation — with input from the research consultancy Oxford Analytica and a panel of respected academic advisors in the fields of economics, history, development, sociology, and political science.

    Source

    The Rankings
     
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  3. CS1.6

    CS1.6 Regular Member

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    The third edition of the Legatum Prosperity Index, published on Tuesday, ranks 104 countries (covering 90% of the world’s population), based on a definition of prosperity that combines economic growth together with measures of happiness and quality of life. According to this year’s Legatum Prosperity Index, India ranks 45th in the world, slightly behind emerging giant Brazil (41st) but well ahead of China (75th).
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    Good to hear Indians have a better quality life,

    enjoy your beautiful life, i wish the Indians and Chinese will have a prosperous year of 2010.
     

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