A Quote by Prashant Bhushan

It is this obsession with GDP and FDI growth and a facile belief that this growth in the GDP would trickle down to the poor as well, that has led to the neglect of the genuine concerns of the poor in the country.

Prashant Bhushan

Quote Topics

Belief Concerns Country Down Facile Gdp Genuine Genuine Concern Growth Led Neglect Obsession Poor Trickle Trickle Down Well Would

Quote Author

Prashant Bhushan
Indian - Lawyer
Born: October 15, 1956

The first thing we should acknowledge is that poverty is hugely expensive. It varies from country to country, but most of the time it's around 3, 4 or 5% of GDP. If you look at what it would cost just to top up the income of all the poor people in a country, it would cost about 1% of GDP.

Rutger Bregman

Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.

John W. Snow

It is argued by our GDP obsessed policy planners that eventually the money being made by the stock market operators or the IT industry would trickle down to the poor farmers in terms of ancillary jobs that would be created. But the fact is, that this has not happened, despite the boom in the stock market and the IT industry.

Prashant Bhushan

Today's market action is driven by the slower GDP growth rate. Despite oil being higher, I think the GDP kind of overruled everything and just makes the market feel better about what the Fed is going to do, or rather not do.

L'Wren Scott

Without productivity gains, any growth in GDP is exactly offset by population growth, and the average income stays the same.

Said Musa

I have always said that I want Malawi to attain growth that should not just be seen in GDP, but in the growth of opportunities for all, protection for all, and equality for all.

Joyce Banda

My belief is India's banking industry will continue to grow at two and a half times the GDP growth rate.

Chanda Kochhar

The massive debt we have racked up to finance our wasteful government is pulling down growth today. Gross debt over 90 percent of GDP weakens growth now. Not tomorrow - now.

Jeff Sessions

It's not that the regulator doesn't want the banking industry to grow. The growth of the industry has always been in relation to the GDP (gross domestic product) growth.

Chanda Kochhar

There's no growth. If China has a GDP of 7 percent, it's like a national catastrophe. We're down at 1 percent. And that's, like, no growth. And we're going lower, in my opinion. And a lot of it has to do with the fact that our taxes are so high, just about the highest in the world. And I'm bringing them down to one of the lower in the world.

Donald Trump

Since environmental and health damage is not factored into reducing GDP - and in fact the resulting health costs and the costs of cleaning up the environment would also inflate GDP, a GDP obsessed government would try and dismantle environmental and health regulations.

Prashant Bhushan

If you are moving the informal economy into the formal economy, and if the transactions which for years were never reported as part of GDP are now transacted through banking channels, it will only add to the GDP, not reduce the GDP.

Piyush Goyal

Coming to the growth potential in financial services, there is enough data to show that, usually, financial services grow about twice or two and a half times of what the economy, the GDP growth rates.

Ajay Piramal

We are going to have an integrated plan and work closely between commerce and treasury to make sure that we drive growth in this country. Our number one priority is sustained 3-4% GDP.

Steve Mnuchin

Our most important priority is sustained economic growth, and I think we can absolutely get to sustained 3% to 4% GDP, and that is absolutely critical for the country.

Steve Mnuchin

Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.