Swarnadhaaraa FinServ
Swarnadhaaraa FinServ
May 28, 2025 at 10:48 AM
*India – 4th Largest Economy… But Are We Growing Equally?* India recently became the *4th largest economy in the world* by nominal GDP, a milestone worth celebrating. But behind the celebration lies a deeper question: *How is the average Indian truly doing?* Let’s look beyond GDP, and focus on *GDP per capita and the Human Development Index (HDI)*, two key indicators of individual well-being: *A Decade of Progress: Then vs Now* *_GDP per Capita (Nominal)_* • 2015: ~$1,600 | Rank: 148 • 2025 (est.): ~$2,900 | Rank: 143 *_UNDP – Human Development Index (HDI)_* • 2015: 0.624 | Rank: 130 out of 188 • 2025: 0.685 | Rank: 130 out of 193 Despite strong headline growth, *India’s per capita income and HDI ranking still lags behind many developing peers*. *What can be done to bridge this gap?* The government has initiated efforts across several key areas, but *greater policy focus and execution* are essential: 1. *_Job creation & skilling_*: Empower MSMEs, boost manufacturing, and drive large-scale upskilling. 2. *_Education reform_*: Shift toward skill-based, tech-enabled, and inclusive learning in public education. 3. *_Healthcare access_*: Strengthen public health infrastructure and increase investment in healthcare. 4. *_Financial inclusion_*: Expand access to banking, savings, insurance, and social security for all. 5. *_Urban & Rural Infrastructure_*: Improve roads, connectivity, logistics, and digital access. 6. *_Women & Youth Empowerment_*: Bridge gaps in income & opportunity through focused policies. 7. *_Governance & Institutional Reform_*: Enable transparent, efficient, and citizen-first policy delivery. Economic size is important. But *real progress* is when growth is *felt by every citizen* through better health, education, and income. Let’s build an India where progress is *inclusive, equitable, and sustainable*. #india #hdi #gdp #percapitaincome #inclusivegrowth #policymatters #humandevelopment #economy #swarnadhaaraainsights #growthwithpurpose
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