I have always maintained that GDP and per capita GDP targets should be taken with a large dose of salt- unless they are set as realistic, aspirational goals by states that are already performing well, have a clear roadmap, and can achieve them under plausible scenarios.
This image has been developed by Manoj Arora (@manoj_216).
Prime Minister Modi first set the target of a $5 trillion economy by 2022. Today, the IMF confirms India’s current GDP at $3.92 trillion.
The government has now revised the target year to 2029.
How many still remember the 2024 election campaign slogan of "Modi ki Guarantee" that India would soon become the world’s third largest economy?
It may or may not happen - most likely not within the promised timeframe. Either way, it makes little real difference to ordinary citizens.
What really matters is GDP per capita.
India’s GDP per capita rank in the world stands at 147. For those who insist we should only look at PPP (Purchasing Power Parity) terms, the rank is still an abysmal 127.
We have only doubled our GDP over the last 12 years and GDP per capita has not even doubled.
Given our extremely low base, this is not the performance we should have delivered.
Wasted opportunities.
@pumaindia@PUMACare wrong product delivered and even after few follow ups still no reply for return pick up. Quite a pathetic customer service experience.
@IndianOilcl@HardeepSPuri only petrol pump on Western Express Highway in Mumbai at Goregaon from Dahisar to Bandra and no petrol available on Friday morning. Unable to understand as this has happened earlier too at same petrol pump.
@vivbajaj It's not about only making money but risk management also. Option buying is a low risk game but in option selling risk is limitless. Retail will loose more in option selling then in option buying.
@safiranand Welspun India... All possible positive triggers are in place. Could be one of the biggest beneficiary of Covid related personal hygiene demand from US.