Why Inclusive Wealth Index is a better measure of societal progress than GDP?

2 min read

You don’t need to be an economic wizard or finance guru to know the definition of GDP. Even if you never took the ECON 101 class or have absolutely no inclination the financial side of the things here is the definition – GDP stands for Gross Domestic Product & it is the traditional measure used to measure financial well-being of a country and its citizens. It is the sum of the output, income and expenditure in an economy on which fiscal & monetary policies are eventually based. An increase in GDP is considered as a healthy sign & the governments’…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.