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95% of India

Professor V Raghunathan is critical of both BJP and Congress for where India is today.
Post liberalisation in 1991, both Congress and BJP have ruled India equally.

Read below what Raghunathan has to say about 95% of India. Reading this, one should feel  very bad for our country.

"India’s GDP in 2024 is approximately $4 trillion (₹330 lakh-crore), with a population of 1.4 billion, resulting in a per capita income of about $2,800. However, this figure is misleading when we consider wealth distribution. Ambani and Adani alone have a combined wealth of around $200 billion. The top 10 wealthiest individuals account for about $420 billion, the top 200 individuals for about $1 trillion, the top 1% of the population for $1.6 trillion, and the top 5% for $2.5 trillion.

To put this in perspective, excluding Ambani and Adani, India's per capita wealth drops to $2,700. Excluding the top 10 individuals, it falls to $2,500; excluding the top 200, it drops to $2,150; excluding the top 1%, it plummets to $1,730; and excluding the top 5%, it sinks to about $1,130. This last figure is below the per capita income of most Sub-Saharan African countries.

In contrast, with the top 5% population accounting for about 50% of GDP, China and Brazil maintain per capita incomes of around $7,000 and $6000 respectively, after excluding their top 5%."

India is not only very poor but damn inequal.


V Raghunathan Last Updated : 01 August 2024, 04:30 IST


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