Due to the lack of standard measurement techniques at the national and international levels, the accurate estimates of poverty and unemployment could not be calculated even after seven decades of independence, said M.H. Suryanarayana, Indira Gandhi Institute for Development Research, Mumbai.
Speaking after inaugurating the five-day workshop on Applied Statistics in Economics at the Central University of Karnataka at Kadaganchi in Aland taluk in Kalaburagi district on Thursday, Prof. Suryanarayana said that this coupled with technical errors which crept in statistics and lack of quality practical research in the field of economics led to wrong interpretations of poverty in the world as well as in India.
He said that other developed countries, even those who got their independence much later than India, were far ahead in per capita income and standard of living because of the vision in their economic policies and plans, which was absent in India.
Inaugurating the Economics Club for the research scholars and students of the economics department, Registrar of the University N. Nagaraju said that this would provide a platform to perform and expose themselves within and outside the university by doing various academic, non-academic activities.
Dean of the School of Business Studies M.V. Alagawadi, head of the Department of Economics Pushpa M. Savadatti were present.
‘Non-standard measurement techniques affecting poverty estimates’
