New Delhi: India should not take a drop in the rating of the global hunger index “seriously” because the methodology used for this exercise is ‘model-based’ and not based on surveys, famous economists and Nobel Abhijit Vinayak Banerjee winners on Thursday.
Overcoming almost an event organized by the CII Industrial Agency, Banerjee further said the credit mechanism did not work well in India because banks did not want to provide loans to small and medium enterprises.
According to 2021 Global Hunger Index (GHI), was prepared together by Irish Aid agents concerns around the world and the German organization Welt Hungerhilfe, India has sneaked into 101st positions from 116 countries, from 2020 from 94.
Now behind his neighbor Pakistan, Bangladesh and Nepal.
“I think they are basically based on models.
I don’t think there are surveys that say anything.” We should not consider the numbers (GHI) seriously, they removed them, but they did not know where they got it.
, “he said, answering questions about the decline in India in the global hunger index.
Banerjee said there were no land surveys by issuing a global hunger report agent.” This (GHI) fully comes from a small survey here.
and there.
But the scale survey we need, it hasn’t happened, so we don’t really know, “He argues.
Banerjee, currently a professor of economics at the Massachusetts Institute of Technology, in countries such as Ghana and Kenya there is no way to get this (Undernowruch , Child Wasting, Child Stunting) Data.
“All models based, this kind of calculates a lot of income and later in India, this means these people will be pushed under the poverty line …
telephone-based surveys, which have their own bias because many people Do not have a telephone, “he observed.
GHI scores are calculated on four indicators – less nutrition, wasting children (children’s share of five years of age in vain that has a low weight, reflecting acute.
Undernutrition), childstools ( Children under five years have high height for their age, reflecting chronic malnutrition) and child mortality (mortality rates of children under the age of five).
b Anerjee further noted that there was a lack of demand in Indonesia, mainly came from a low-income population in the past five years.
“Under Mnrega, the government must announce that people will have a choice of 150 working days if they want …
I think they will not use it if the economy is recovered, but people will feel confident to spend.” Giving people trust to spend, is what the small-scale industrial sector needs, “he said.
Famous economists emphasize that even short-term demand stimulus will help.” Shrinking a small scale industry has benefited the formal sector, “he said.
Speaking of high inflation in India, Banerjee said inflation was always complicated in this country.
Referring to the recent SBI report, which said about 80% of the economy is now formal after digitalizing and pandemic drives , he said later it didn’t make sense.
“…
That number, if we consider it serious, what I have to do, will be very sad but that means we have lost something like a 20% GDP or something for it happens.
“GDP must have come down as much.
If the other sectors have not grown …
so much, and one sector has dropped 30 percent of GDP, you see what that means, you get something like 15-20 percent drop the GDP net,” he said .
Banerjee said he hoped this had not happened and emphasized that data collection in India really needs to improve.
According to SBI research reports, drives digitizing and the emergence of the Economy of the Pandemi show have caused faster economic formalization, with the informal sector to shrink to only 15-20 percent by 2021 from 52.4% in 2018.