
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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