2012 Global Prosperity Index released by the Legatum Institute finds Gujarat to be scoring highest on social capital in India
Gujarat ranks 15th when compared among 142 nations. It ranks alongside Germany and scores better than several developed nation
This is yet another recognition of the development in Gujarat under leadership of Shri Modi, following the Mantra of ‘Sabka Saath, Sabka Vikas’
In yet another mark of recognition for Gujarat’s unique growth model of ‘Sabka Saath Sabka Vikas’ (All together, growth for all), the 2012 Global Prosperity Index released by the Legatum Institute has found Gujarat to be scoring highest among on social capital among all states of India.
As a matter of fact, the state comes 15th when it is ranked globally compared to 142 nations standing alongside Germany and bettering many developed nations. The Social Capital indicator evaluates the strength of ‘social cohesion and engagement, as well as community family networks in a society.’
Legatum InstituteBased in London, The Legatum Institute is an independent non-partisan public policy organisation. Its seeks to explore the foundations of prosperity through the lens of politics, economics, culture and philosophy.
Legatum Prosperity IndexDone by the Legatum Institute, this is a unique and robust assessment of national prosperity based on material wealth and personal well-being. It covers 96% of the world’s population and 99 % of the global GDP. 142 nations are benchmarked into 8 categories- Economy, Education, Entrepreneurship & Opportunity, Governance, Health, Personal Freedom, Safety & Security and Social Capital.
Social Capital has been found to be one of the most important components of prosperity. It is the accumulation of benefits accrued by a society whose citizenry is interconnected, trusting and found engaging in charitable behavior. It encompasses factors such as social cohesion and engagement along with community and family networks.
Report produced verbatim:
“India ranks 138th globally in the Social Capital sub-index, however, disaggregation of the data at the sub-national level reveals large differences within the country. Within India, the states of Gujarat and Uttarakhand have the highest social capital scores and would rank 15th and 18th, globally, in this sub-index, next to Germany and Belgium, respectively. In the state of Gujarat, 77% of respondents can rely on friends and family for help and 51% have donated money to a charity.”
Vindication of Visionary Leadership of Shri Narendra ModiJust recently, Asia leading brokerage firm CLSA lauded the development in Gujarat under the leadership of Shri Modi. CLSA termed the Gujarat as being among the fastest growing states, with a growth model that is most unique. It noted that the Gujarat growth model is one that is sustainable and is a state where both agriculture and industry are thriving.
Importantly, CLSA noted that Gujarat is one of the best states in terms of improved governance in the past decade within the developed states and the results are visible in various sectors including literacy, PCI and drinking water facilities. It states that the improved governance in Gujarat will give a boost to Gujarat’s social sector.
With his Mantra of ‘Sabka Saath, Sabka Vikas’, all sections of Gujarati society are growing and tasting the fruits of development!