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The standard of living in India varies from state to state. In 2021, extreme poverty was reduced to 0.8%[1] and India is no longer the nation with the largest population living in poverty.[2]
There is significant income inequality within India, as it is simultaneously home to some of the world's richest people.[3] The average wages are estimated to quadruple between 2013-30.[4]
The standard of living in India shows large geographical disparity as well. For example, on one hand most metropolitan cities and other urban and suburban regions boast world-class medical establishments, luxurious hotels, sports facilities and leisure activities similar to that of Western nations, while there is significant poverty in rural areas of India; where medical care tends to be very basic or unavailable due to a lack of doctors. Similarly, the very latest machinery may be used in most construction projects, but some construction staff work without mechanisation in some projects; predominantly in very rural parts.[5] However, a rural middle class is now emerging in India, with some rural areas seeing increasing prosperity.[6]
As per the IMF's World Economic Outlook for 2020, the per capita PPP-adjusted GDP for India was estimated to be US$9,027.[7]
- ^ "World Poverty Clock".
- ^ "India is no longer home to the largest number of poor people in the world. Nigeria is. - The Washington Post". The Washington Post.
- ^ "Middle class growth in emerging markets - China and India: Tomorrow's middle classes - EY - Global". Archived from the original on 4 March 2016. Retrieved 7 January 2016.
- ^ "Average wages in India could quadruple by 2030: PwC report". thehindu.com. 30 September 2013.
- ^ Labouring Brick by Brick: A Study of Construction Workers Archived 5 July 2010 at the Wayback Machine – www.sewa.org
- ^ "Rural areas see middle class rise". Deccan Herald. 4 July 2015.
- ^ "World Economic Outlook – GDP per capita". International Monetary Fund. October 2019. Retrieved 30 March 2020.