The United States leads G7 nations in per capita income at $94,430, followed by Germany and the UK. India stands at $2,813—about 4 per cent of the G7 average and well below the global average of $15,680. Look at the ranking of the G7 nations with their per capita income.

What is the per capita income of G7 nations and where does India stand?

A research report projects that India’s average income is to rise by 70 per cent to $4,000 by fiscal year 2030 from $2,450 in fiscal year 2023. This will make India a middle-income economy with a $6 trillion gross domestic product (GDP) with about half coming from household consumption.

India’s average income projected to increase by 70% to $4,000 by FY30: Report

When Bangladesh emerged as an independent country in 1971, it was arguably the poorest country in the world or close to it. Today, the country is growing rapidly and ranks ahead of its big neighbour India.

Bangladesh outpaced India on per capita income

When Comrade Sitaram Yechury rails against GDP being a true measure of progress, he is not supporting the Modi government in its hour of need. Quarterly GDP is presently at 4.

Capitalism only works on low per capita income

Is A Global Economic Growth Slowdown Imminent?

Gravitas: Economic slowdown: The Global picture

The government estimates India’s per capita income could touch Rs 86,689 ($1,337.4), or $3.7 a day, in the current fiscal year ending this month

India needs 8% growth for 30 years to join middle-income countries: World Bank