Comparing Consumption and GDP per Head as Measures of Prosperity
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India does not even rank among the top 100 richest nations in the world, despite having one of the highest GDPs in the world and being in the top five . The richest nation in the world, Luxembourg, is a little Western nation with a GDP per capita income of $143,320. India ranks 129th when considering GDP per capita. The GDP per person in India is $2673 (about Rs 2.21 lakh). India's per capita income status is inferior to that of Bangladesh and Sri Lanka, its neighbors. To suggest that per capita income has not improved would be incorrect, though. India's GDP per capita income is at an all-time high right now. The GDP per person in India was approximately $2,000. The per capita income was US $1,600 in 2014, the year the Modi government came to power .
The economy of America is the biggest ...
#newstr #India #GdpPerCapita #UsDollar #PoorestCountries #China'sPerCapitaGni #WorldBank #Economy #GdpPurchasingPowerParity #Prosperity #Consumption #StandardOfLiving #RuralurbanInequality #Remittances #PovertyInAsia