GDP per capita of $1,940 shows the average Indian is less prosperous than those in some of our neighbouring countries.
New Delhi: India is now the sixth largest economy in the world with a Gross Domestic Product (GDP) of $2.597 trillion, according to World Bank data for 2017, updated this week. It has surpassed, among other countries, France which has a GDP of $ 2.582 trillion.
The data points to a rapidly growing economy, but a deeper look at the numbers tells a different story — of the overall growth not percolating down to those in the lower rungs of the economic chain.
Although India has beaten France in the overall GDP list, when it comes to GDP per capita — the measure that indicates the standard of living — the country comes nowhere close to the European giant. France has a GDP per capita of $38,476, while India’s is at $1,940.
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