Datanomics: Population burden limits India's economic growth gains

The gap between the GDP and individual prosperity is striking, especially when compared with other major economies

India is on the verge of becoming a $4 trillion economy. In doing so, it is set to overtake Japan in terms of gross domestic product (GDP), becoming the world’s fourth-largest economy. However, beneath this milestone lies a deeper concern: While India as a nation grows richer, its average citizen remains far behind in terms of income — even if it were distributed equally. The gap between GDP and individual prosperity is striking, especially when compared with other major economies. A key factor is India’s population — now the largest in the world after surpassing China, according to the UN