HONING THE COMPETITIVE SPIRIT
India Today|August 26, 2024
India is the fifth largest economy in the world, with a GDP of $3.2 trillion in 2023, and we have been growing at an average rate of 7.6 per cent in the past decade.
Amit Kapoor
HONING THE COMPETITIVE SPIRIT

However, on closer examination, certain key indicators reveal a startling picture. India's GDP per capita, a true indicator of a nation's prosperity, is at $2,730 (Rs 2.3 lakh). It is much lower compared to our developing bloc peers, including Brazil ($11,350), China ($13,150), Vietnam ($4,620) and South Africa ($5,970). To look at a broader indicator of India's holistic well-being, our social progress ranks at 110 out of 169 countries in 2022; approximately five points below the global average score. Moreover, India's GDP per capita places the country at the 111th rank out of 164 countries assessed on social progress.

For India to attain its vision of becoming a $30 trillion economy, we will need to grow incrementally at a rate of 9.7 per cent. Achieving this would elevate India's GDP per capita to $18,000 (Rs 15 lakh) by 2047, at par with developed economies. India would need to harness the potential of its heterogeneous landscape at the state and district levels. This is important as many Indian states are larger than some of the countries in the world, not just in terms of population but also GDP. Bihar and Uttar Pradesh currently constitute 25 per cent of India's population, yet have the lowest per capita income in the country at $420 (Rs 40,000) and $698 (Rs 58,500) respectively. Therefore addressing regional disparities at the subnational level becomes important. We have extensive ground to cover, and there's too little time!

A captive market: India's sizeable population presents significant opportunities as an expansive market for demand.

Bu hikaye India Today dergisinin August 26, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye India Today dergisinin August 26, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

INDIA TODAY DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
A Cut Above the Rest
India Today

A Cut Above the Rest

Oft ignored, the ceiling in a room is so much more than a necessity

time-read
1 min  |
December 02, 2024
THE GRAND STAND
India Today

THE GRAND STAND

This atypical bachelor pad for Delhivery's Sandeep Barasia is all about balancing art with form, aesthetics with functionality and materiality with context

time-read
3 dak  |
December 02, 2024
50 SHADES OF WHITE
India Today

50 SHADES OF WHITE

From ivory to ecru, TV actor Ankita Lokhande and reality TV star Vicky Jain's apartment in Mumbai is all about a fresh and clean feel

time-read
1 min  |
December 02, 2024
"GOOD DESIGN IS EFFICIENT, BEAUTIFUL AND PROBLEM SOLVING"
India Today

"GOOD DESIGN IS EFFICIENT, BEAUTIFUL AND PROBLEM SOLVING"

Known for creating thoughtfully crafted spaces, architect Jaskaran Singh takes us through the legacy he was born into

time-read
3 dak  |
December 02, 2024
HITCHED AT HOME
India Today

HITCHED AT HOME

From offbeat décor to eco-friendly design elements, an intimate wedding runs high on undeniable charm and unique sentiments

time-read
3 dak  |
December 02, 2024
ROOM TO BLOOM
India Today

ROOM TO BLOOM

Bring wedding festivities indoors with flowers and hues that set the mood for this beautiful tablescape

time-read
1 min  |
December 02, 2024
THE RITE CHOICE
India Today

THE RITE CHOICE

Move over heaven, well-designed and stylish marriages require the Abu Jani Sandeep Khosla touch. They share how to ace this space.

time-read
2 dak  |
December 02, 2024
Twist on Tradition
India Today

Twist on Tradition

Stylish storytelling, vibrant vistas, trendy textiles and modern magic, wedding decor is a beautifully crafted and personal tale today

time-read
2 dak  |
December 02, 2024
TROUSSEAU TROVE
India Today

TROUSSEAU TROVE

From preserved flowers to bountiful hampers, what you give the bride and groom will set the tone for their life ahead

time-read
1 min  |
December 02, 2024
iSpy
India Today

iSpy

Your guide to the hottest new stores and products

time-read
2 dak  |
December 02, 2024