Rich Nation, Poor People? The Reality Of The Fourth Largest Economy | Cracknomics Ep 45
Автор: The Wire
Загружено: 2025-05-30
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India is on track to become one of the world’s top 3 largest economies, surpassing Japan and Germany in GDP. But behind the headlines lies a stark reality: despite this growth, India’s per capita income remains one of the lowest among major economies — just $2,880 compared to the U.S.’s $89,000 or Germany’s $55,910. Being a “large economy” doesn’t mean the average Indian is better off. Deep income inequality means that while billionaires are multiplying — with names like Adani seeing wealth skyrocket — half the population still owns just 3% of the country’s wealth. The top 1% hold over 40%. Most people aren’t experiencing the benefits of growth; in fact, the government still provides free rations to over 800 million citizens.
In this episode of #Cracknomics, we break down why GDP alone doesn’t tell the full story of a country’s development — and why India's economic success masks a growing divide.
🔔 Watch till the end to understand why GDP alone can’t define a nation’s progress.
#IndiaEconomy #GDP #Inequality #PerCapitaIncome #4thLargestEconomy #IndiaVsJapan #EconomicGrowth #RealityCheck
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