Per capita income will be in top 10% of all economies
Our 75th birthday is an occasion for celebration. We have succeeded beyond all expectations, including our own, to remain a one-nation democracy. In the history of democratisation for developing countries, this is a record, especially if you add the condition of no civil-war. We have also structurally moved from being very poor to now a lower middle-income economy.
China vs India: For centuries, between 1500 and the 1980s, India and China had broadly the same per capita PPP income. Today, in 2022, China’s per capita income is 2.5 times higher – $16,700 vs $6,500.
China vs India: For centuries, between 1500 and the 1980s, India and China had broadly the same per capita PPP income. Today, in 2022, China’s per capita income is 2.5 times higher – $16,700 vs $6,500.