DECODED - Is India's Economy Really Booming? | What do the numbers say? | Akash Banerjee & Manjul https://www.youtube.com/watch?v=nVgo5DFza4A The Deshbhakt Oct 18, 2023 JPMorgan’s MD today made a 'bold' forecast - that India will become 3rd largest economy in the world by 2027 & size of our economy will reach $7 trillion by 2030. While much of that will be driven by the massive size of our population - what does this spectacular achievement mean for the average Indian who's only seeing shrinking savings / lesser jobs / more inflation / less manufacturing. Even if India does a 8% growth for 4 years in a row and becomes No3 in the world - Where will it take you?
https://www.thequint.com/news/india/poor-in-india-lose-half-their-income-in-last-5-years-rich-got-richer-survey A new survey, which highlights the economic impact of the pandemic on Indian households, found that the income of the poorest 20 percent of the country declined by 53 percent in 2020-21 from that in 2015-16. The survey, conducted by the People's Research on India's Consumer Economy (PRICE), a Mumbai-based think tank, also shows that in contrast, the same period saw the annual household income of the richest 20 percent grow by 39 percent.