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India's Next Phase of Growth Must Focus on Per Capita GDP: Report
The Business Guardian
|June 23, 2025
India has overtaken several economies in terms of GDP over the past decade, but its citizens' per capita income remains poor.
In that context, a report by Llama Research suggested that the next phase of India's growth must translate into individual prosperity.
Manufacturing scale-up, digital formalisation, and rising income tiers are some of the reasons that are at India's advantage.
Noting that India ranks the lowest on per capita income among the top 10 economies, Llama Research asserted, "This isn't a flaw, it's a window of compounding potential."
This story is from the June 23, 2025 edition of The Business Guardian.
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