2024 Ahoy! Why GDP growth must improve livelihood of average Indian
India’s GDP is 5th largest in size but average Indian is 159th in income (per capita GDP); rise in debt and inequality would keep the situation unchanged
India’s GDP is 5th largest in size but average Indian is 159th in income (per capita GDP); rise in debt and inequality would keep the situation unchanged
Both pre-pandemic slowdown and pandemic crisis disproportionately hurt lowest income group, while sparing others.
The poorest and most vulnerable were hit the hardest – pushing 70 million people into "extreme poverty" in 2020 alone: World Bank
India has done quite well during the pandemic in terms of navigating income shocks, says an SBI Research report.