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Development to be on WB agenda

Development to be on WB agenda
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First Published: Mon, May 28 2007. 06 58 PM IST
Updated: Mon, May 28 2007. 06 58 PM IST
PTI
New Delhi: Concerned over the need to bridge regional disparities, President A P J Abdul Kalam asked the World Bank to build a region-wise database on popular needs to pursue development agenda in a focused manner.
Inaugurating the India Development Marketplace-2007 exhibition in the capital, he said that the database should assist World Bank to fix strategy to meet the development agenda of a particular area with state or private assistance.
He said though the Indian economy is in the ascent phase and is growing at 9% per annum, the growth is not fully reflected in the quality of life of a large number of people, particularly in rural areas.
To overcome the problem of linking growth with the quality of life, a National Prosperity Index (NPI) has been set up which is a summation of annual GDP growth, improvement in quality of life of people, particularly those living below poverty line, and the adoption of value system derived from our civilisational heritage.
The NPI will also take into account efforts at promoting the joint family system, creation of a spirit of team work, leading a righteous way of life, removing social inequities and, above all, promoting a conflict free society.
The World Bank, Kalam suggested, could encourage other nations to adopt NPI as an indicator of integrated development of their countries.
Participants from over 23 states displayed their innovative projects on management and protection of natural resources.
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First Published: Mon, May 28 2007. 06 58 PM IST