Question

Case study on the indian economy

Answer 1

Indian Economic Growth

India has sustained rapid growth of GDP for most of the last two decades leading to rising per capita incomes and a reduction in absolute poverty. Per capita incomes (measured in US $) have doubled in 12 years

But India has one third of all the people in the world living below the official global poverty line. It has more poor people than the whole of sub-Saharan Africa

Per capita income is $1,270, placing India just inside the Middle Income Country category

India's per capita income is 1/20th that of the UK