We always talk about India having the third largest GDP after China and USA.
But what we don't talk about (conveniently) is the GDP per person. That is the productivity of an average Indian. Having a large population does increase total productivity but doesn't mean you are richer. A family of 5 earning ₹50,000 a month is not richer than a family of 3 earning ₹40,000 a month.
So where do we stand on the world based on GDP per person also called "GDP per capita"?
We are ranked at 125 just below Nigeria and also below our neighbors Sri Lanka (103) and Bhutan (114) and yes, even below world average.
We need to change how we measure ourselves. Productivity per person, safety. Innovation, inventions, happiness, health, sports, art, etc are better parameters.
No comments:
Post a Comment