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India ranks low on inclusive growth and development: WEF

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By NewsGram Staff-Writer

Geneva: India has been globally ranked low on the most of the parameters indicating inclusive growth and development. The rankings released on Monday by the World Econmic Forum (WEF) although places India at better position in scale business and political ethics category.

In the first such global rankings issued by the Switzerland-based think tank, India has mostly been placed in the bottom half of the 38 countries that make up our lower middle income bracket. Areas where India ranks low include fiscal transfers, where it ranks 37 out of 38, tax code where it is placed at 32, and social protection where India is given 36th rank.

The World Economic Forum noticed that most countries are missing major opportunities to reduce income inequality while ranking countries in terms of their per capita income levels. The same is the case with India for being low on ranks.

Otherwise India stands at 12th place in business and political ethics, while it ranks 11th on the “Financial intermediation of real economy investment pillar”, which is an indicator of the fact that money invested in the economy generally gets directed towards productive uses.

WEF said another area where policy-makers in India need to prioritise improvement would be “Asset building and entrepreneurship“, especially in the sphere of “Small business ownership“, where India ranks at the bottom at 38th place.

However, India demonstrates leadership in other areas like corruption and rents, where it comes 8th in the ranking.

WEF said the Inclusive Growth and Development Report covering 112 economies presents a new framework for assessing countries’ efforts to foster economic growth that raises the living standards of entire societies.

Releasing the report, WEF officials stated, “We appeal that leaders must pursue economic strategies that are pro-growth and pro-labour”

Also the organiser of the famous economic conclave, WEF further told that the new study conducted over the last two years, seeks to identify the various ways through which policy-makers can drive economic growth and equity at the same time. It also assesses them on their relative success.

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Hindus In Delhi Push For A Temple On The Ruins Of a Mosque

The Supreme Court has delayed hearings into the disputed site but hardliners have vowed to lay a foundation stone next year regardless.

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Supporters of Vishwa Hindu Parishad gather during a rally in New Delhi, Dec. 9, 2018. The group gathered thousands of supporters to demand the construction of a Hindu temple on a site where a mosque was attacked, demolished in 1992. VOA

Tens of thousands of hardline Hindu protesters marched in New Delhi on Sunday, calling for a grand temple to be built on the ruins of a destroyed mosque in a flashpoint Indian city.

Trident-waving devotees clad in saffron filled a huge parade ground in the Indian capital under tight security, where speakers warned Prime Minister Narendra Modi they would not let up until the temple was sanctioned.

Some of Modi’s supporters feel the Hindu nationalist leader has not done enough to raise a shrine at a site in Ayodhya, a city believed by many to be the birthplace of the deity Ram.

The site was home to a medieval mosque for 460 years until Hindu zealots tore it down in 1992, kicking off riots across India that left thousands dead, most of them Muslims.

Its future has been tied up in courts for decades but some hardliners want Modi, who is seeking reelection in 2019, to push parliament to guarantee the temple by law.

World Hindu Congress, Hindu
Hindus don’t oppose anyone, don’t aspire to dominate: RSS chief

“The gathering here is telling you that Hindus won’t sit back until the temple is built, and our wishes are respected,” said Champat Rai, the leader of the Vishva Hindu Parishad (VHP) group that organized the protest.

Demonstrators chanting “Praise be to Ram” packed the Ramlila Maidan, a vast ground capable of holding more than 50,000 people, and filled the surrounding streets.

Some carried maces and tridents — weapons traditionally wielded by Hindu gods — and traveled great distances by train and bus to reach the rally.

“We have come here to protect our religion and Hindu pride. We want a temple for our Lord Ram,” Hitesh Bharadwaj, a teacher from Delhi’s satellite city Noida, told AFP.

The hardline VHP has applied pressure on Modi in recent weeks, staging a huge show of force in Ayodhya itself last month.

Hindu, Mosque
Photo credit: theguardian.com

A close ally of Modi’s Bharatiya Janata Party (BJP), the group is spearheading a push to raise the Ram temple, and is calling for more protests as the premier prepares to go to the polls by May.

The BJP was on the margins until the 1980s when its top leaders, including Modi, backed a growing movement for the construction of the Ram temple.

Its advocates want parliament to introduce a law bypassing legal hurdles blocking the temple before Modi’s term ends.

Also Read: Delhi’s Air Quality Leads To Ban On Trucks And Construction

The Supreme Court has delayed hearings into the disputed site but hardliners have vowed to lay a foundation stone next year regardless.

“We don’t care about the courts. A grand temple will be constructed in 2019,” Sushil Chawdhary, a VHP leader, told AFP. (VOA)