DARK TRUTH OF INDIA'S $4 TRILLION ECONOMY.....
Recently in 2023, Indian economy has touched $4 trillion GDP for its first time in history. Many people in the country jumped with joy. The government is aiming to achieve $5 trillion GDP in 2028 to become the world's 3rd largest economy by GDP. Nothing wrong in this! But do you know what is the problem here?
Following are some of the scaring statistics in India,
- 1% people enjoys 41% of the nation's wealth.
- 50% people owns only 3% of the wealth.
How shocking the above facts are!! Now say, Is India's 4 trillion dollar economy is really benefiting the majority Indians? Or else India's aim to 5 trillion economy is going to change the fate of the nation? Here requires the proper planning of the government to evenly distribute the wealth to its citizens. But if you look at the other developed nations, the story is way different.
In the recent study by the World Economics in Inequality Index, the same shock continues....
- India scored 21.9/100 corresponding to its uneven distribution of wealth.
- China and Japan scored more than 50 meaning the overall even distribution of wealth.
- 64% of GST collection came from economically bottom 50% people.
- 3% of GST collection came from economically top 10% billionaires & millionaires.
JAI 5 TRILLION ECONOMY!!!
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