Is A Countrys Gdp A Good Measure Of Its Wealth?

IntroductionWith 44 percent (44 ) of the global outsourcing market in the clear up shore sector for software and other business transit currently being hosted by India , it has fast gained global intuition as the premier global destination for business do by outsourcing . With generated revenues 1 .05 million as of March 2005 , India has greatly gain its stinting output and per capita GDP . This economic growth of India has been announce as one of the most amazing success stories of the twentieth century The growth rates that India has been posting over the past five years have made it one of the reasons why investments have risen in the area .

Despite this unprecedented economic rise as indicated by the GDP of India the schism betwixt the rich and the poor continues to grow Outsourcing , while creating a largess for the Indian economy , has also intensified that gap by creating new social classes and spawning new cultural changes . Therefore , because of the sluttish economic fundamentals of the Indian Economy , instead of constricting the gap between the rich and the poor , it is instead widened and few jobs are created thus leading to more widespread povertyIndia is not the only country that is posting record GDP levels as China has also continually increased its GDP increase since it has opened its markets in the 80s . While this may be seen as a measure of wealth it does not accurately reflect...If you necessitate to get a full essay, order it on our website: Ordercustompaper.com

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