The ‘poorest of the poor’ makes India rich!

By Manoj Rai, Director PRIA

Here are some thought provoking findings that shall force you to ponder on how just our society is in terms of providing to the poor:

  • Do you know that the contribution of urban informal settlement dwellers is about 7.53% of the urban GDP?
  • And this contribution is comparatively large in comparison to our economic sectors!
  • Investing in enhancing the capacity and demands of the urban poor will give the richest dividend. One point increase in demands of the urban poor can therefore raise the city’s GDP by 1 point. There is obviously not such a relation between any other economic sectors.

Therefore the citizens often seen as ‘burden’ to the city, illegal entities residing in urban poor informal settlements and who are subjected to discrimination and inequality, might just be far greater a contributor to the country’s GDP than the privileged lot. PRIA and INDICUS began their research to find exactly that! What is the real contribution of the ‘burden’ and in ‘economic terms’ do they deserve provision of basic services to them by the city, state and centre.

The findings of the study are being shared today at India Habitat Centre at Delhi from 10am to 4pm, Join us and know more!

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3 thoughts on “The ‘poorest of the poor’ makes India rich!

  1. ramblinginthecity October 15, 2013 at 5:11 am Reply

    Dear Manoj, I wish I had seen this earlier and planned to come for the event. This is most interesting. I work in the area of low-income housing focusing on informal settlements, currently looking at how we can promote informal private rentals in Gurgaon’s urban villages. Would like to access the study, and also meet with you at some point to pick your brains?
    Regards,
    Mukta

  2. ramblinginthecity October 15, 2013 at 5:12 am Reply

    Reblogged this on ramblinginthecity.

  3. vishalbheeroo October 15, 2013 at 1:18 pm Reply

    The poor contribute a lot to India and it’s high time we realize the contribute of the informal sector/parallel economy. One just have to see hawkers selling stuffs on the streets and why not regulate them through decent livelihood?

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