The fiscal spending on "National Food Security Bill" may be under debate for many critics on its feasiblity when india
is undergoing a lull in its fiscal status.But here are some facts which could seriously question the critics.
1.India stands first by undernourishing 38 percent of the world's stunted children, which is a whopping figure already.
If a country is to implement the social protection scheme with utmost priority, India will be the forerunner and interestingly
even before NIGERIA which stands Second in the list.
2.India spends only 0.9 % of its GDP on social protection as of now.If NFSB is taken into account then it would add up
to 1.25 % of GDP( MNREGA contributing to the major share rather than any food security scheme)
3.The Asia Development bank has released a report on social protection and compares india with lower middle income states.
The Lower income states spend an average of 3.4 % of GDP on social protection.India spends not even a mere half relatively.
4.Upper middle income states of Asia spends an average of 4% and High income states spend an average of 10.2 %.
5.Japan spends a whooping 19.2 % and china 5.4 % of thier GDPs in social protection.Singapore infact spends more
than double of what india Spends.
Most of the Asian countries which have very less index of malnutritioned children are spending more than double of what india is spending
National Food Securiity Bill is atmost need for the ailing INDIA and more importantly implemeting this scheme will note eat away anything fiscally and infact
it would still remain below standards relatively and also with the prevailing social situtation in INDIA.
is undergoing a lull in its fiscal status.But here are some facts which could seriously question the critics.
1.India stands first by undernourishing 38 percent of the world's stunted children, which is a whopping figure already.
If a country is to implement the social protection scheme with utmost priority, India will be the forerunner and interestingly
even before NIGERIA which stands Second in the list.
2.India spends only 0.9 % of its GDP on social protection as of now.If NFSB is taken into account then it would add up
to 1.25 % of GDP( MNREGA contributing to the major share rather than any food security scheme)
3.The Asia Development bank has released a report on social protection and compares india with lower middle income states.
The Lower income states spend an average of 3.4 % of GDP on social protection.India spends not even a mere half relatively.
4.Upper middle income states of Asia spends an average of 4% and High income states spend an average of 10.2 %.
5.Japan spends a whooping 19.2 % and china 5.4 % of thier GDPs in social protection.Singapore infact spends more
than double of what india Spends.
Most of the Asian countries which have very less index of malnutritioned children are spending more than double of what india is spending
National Food Securiity Bill is atmost need for the ailing INDIA and more importantly implemeting this scheme will note eat away anything fiscally and infact
it would still remain below standards relatively and also with the prevailing social situtation in INDIA.
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