Indian growth to slow
New Delhi (Financial Express)
With the ‘rapid spread’ of HIV/AIDS, India’s economic growth over the next 10-15 years would be noticeably less than its potential, warned the National Council of Applied Economic Research (Ncaer) in a study related on Thursday.
The economic growth and per capita GDP could decline 0.86% and 0.55% respectively over the period, the think tank added.
By 2015-16, the per capita GDP (at 2002-2003 prices) would decline by Rs 7,610.61, it predicted.
The potential costs to the economy arising from the continued and unchecked march of the HIV epidemic could be quite high, said a report on “The macroeconomic and sectoral impacts of HIV and AIDS in India.” Ncaer study was assisted by NACO and UNDP.
The epidemic could pull down incomes of HIV households by 9.24%, which in turn, could have an adverse impact on the economy in terms of reduced savings and investments, the report said.
“This may not read substantial, but to a respective group of affected people it can mean a lot. Like, in case of daily wage labour, even if wife gets the virus from the husband, it means two working family members being lost to the virus,” said Ramamani Sundar, a team member working on the report."
With the ‘rapid spread’ of HIV/AIDS, India’s economic growth over the next 10-15 years would be noticeably less than its potential, warned the National Council of Applied Economic Research (Ncaer) in a study related on Thursday.
The economic growth and per capita GDP could decline 0.86% and 0.55% respectively over the period, the think tank added.
By 2015-16, the per capita GDP (at 2002-2003 prices) would decline by Rs 7,610.61, it predicted.
The potential costs to the economy arising from the continued and unchecked march of the HIV epidemic could be quite high, said a report on “The macroeconomic and sectoral impacts of HIV and AIDS in India.” Ncaer study was assisted by NACO and UNDP.
The epidemic could pull down incomes of HIV households by 9.24%, which in turn, could have an adverse impact on the economy in terms of reduced savings and investments, the report said.
“This may not read substantial, but to a respective group of affected people it can mean a lot. Like, in case of daily wage labour, even if wife gets the virus from the husband, it means two working family members being lost to the virus,” said Ramamani Sundar, a team member working on the report."
posted by Dr Philippe Maslo at 15:41
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