India's 10-year growth one of the biggest laggards in Asia, EM peers

The data for East Asia & Pacific, excludes high income countries such as Japan, South Korea, Taiwan, Hong Kong, Australia, and New Zealand

A lower-than-expected decline in gross domestic product (GDP) during the September quarter might do little to the narrow the widening economic gap between India and its peers in Asia and other emerging markets (EMs).

After a decade of poor performance, India economy has become one of the biggest laggards in the Asia and among EMs, with the exception of Pakistan, Sri Lanka, and Indonesia. Between 2010 and 2020, India’s per capita GDP at current prices in dollar terms grew at a compound annual growth rate (CAGR) of 3.1 per cent against 9.2 per cent annualised growth in China, 7.9 per cent