India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most government agencies and financial institutions peg it at over 7%. Yet, the households tell another story. Most of them saw their real income growth — after accounting for inflation — fall by 3.1% in the last five years.
India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most government agencies and financial institutions peg it at over 7%. Yet, the households tell another story. Most of them saw their real income growth — after accounting for inflation — fall by 3.1% in the last five years.