India

Ashneer Grover Sparks Controversy with Perspective on India’s GDP Growth, Stirring Internet Debate

Entrepreneur Ashneer Grover recently emphasized the importance of measuring India’s Gross Domestic Product (GDP) based on per capita income, calling it the “true measure of development.” Grover’s post on X gained significant traction, with users expressing agreement. One user noted India’s GDP rank as 5th globally but highlighted the lower per capita income rank at 128.

While some supported Grover’s stance, emphasizing the need to consider parameters beyond per capita income, like purchasing power parity, mental well-being, and quality of life, others disagreed. A few argued that per capita income, especially in absolute terms, might not accurately reflect standards of living due to varying costs globally.

Also Read: Sundar Pichai’s Diwali Photo, Captured by Chennai Photographer, Draws Reaction from Priyanka Chopra

In contrast, a dissenting view highlighted challenges in using per capita income as a true measurement, citing income distribution disparities and the impact of purchasing power parity. Despite the ongoing debate, S&P Global Market Intelligence predicted India’s rise to the third-largest economy globally by 2030, with a projected GDP of USD 7.3 trillion, fueled by robust economic growth in 2021 and 2022.

Also Read: Mahua Moitra appointed as district president of Krishnanagar amid cash-for-query row

The forecast indicates India’s GDP growth of 6.2-6.3% in the fiscal year ending March 2024, solidifying its position as the fastest-growing major economy. The country’s impressive 7.8% growth in the April-June quarter underscores its economic resilience and potential ascent in the global economic landscape.

Priyanka Rai

Recent Posts

Hina Khan Hails 11 Years Of PM Modi’s Leadership; Highlights National Progress

As the nation marks 11 years under PM Modi's leadership, actress Hina Khan shares her…

6 hours ago

Subhash Ghai Hails PM Modi’s Transformative Vision For India

Subhash Ghai has praised PM Narendra Modi’s leadership for catalysing India’s growth and changing the…

6 hours ago

India & Central Asia Boost Rare Earth Cooperation At Delhi Meet

India and five Central Asian nations have agreed to deepen cooperation on rare earths and…

7 hours ago

PM Modi’s Beej Se Bazaar Tak Vision Reshapes Indian Agriculture

Prime Minister Modi has redefined Indian agriculture with the ‘Beej Se Bazaar Tak’ vision, transforming…

7 hours ago

EV Sales Cross 4% Mark In May; Signalling Steady Shift To Green Mobility

EV sales topped 4% of passenger vehicle retail in May 2025, signalling growing demand for…

8 hours ago

Self-Reliant Defence Industry Marks India’s Strategic Security Ascent

One year into Modi 3.0, reforms have reduced poverty, strengthened defence, and accelerated the digital…

8 hours ago