Thought of the Day

Indian Living Standards Soar
in the Last Twenty-Five Years


 
19 August 2022
 
GDP per capita growth outperforms the Asia-Pacific region and Emerging Markets, but the poverty rate is still high.

India's GDP per Capita Growth
Index: 1995=100
Indian Living Standards Soar - in the Last Twenty-Five Years
Indian Living Standards Soar - in the Last Twenty-Five Years

* GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.

Real GDP per capita in India has risen by 200% since 1996 and has only fallen once in 2020. India, now the world’s third-largest economy, is favoured by a demographic dividend with the proportion of young people under the age of 15 standing at 38.9% of the total population. A second burst of GDP growth might come if India’s currently low figure for the employment to population ratio of 46.7% was raised closer to the 65.1% level prevailing in China.

One of the most significant negative factors of the Indian economy’s performance remains the relatively high number of people still classed as living in poverty at 21.2%. This can be sharply contrasted with China where inclusive growth has reduced the poverty ratio to less than 1%.  See more data...


More perspectives using World Economics data