INDIA’S $4 TRILLION GDP: A CRITICAL EXAMINATION OF ECONOMIC SIZE VERSUS HOLISTIC DEVELOPMENT
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INDIA'S $4 TRILLION GDP: A CRITICAL EXAMINATION OF ECONOMIC SIZE VERSUS HOLISTIC DEVELOPMENT
Rishikesh Thakre , Ms. Pratiksha Mishra
Rishikesh Thakre, B. Com (H), Final year student, Amity Business School,
Amity University Chhattisgarh, Raipur India
Assistant Professor Ms. Pratiksha Mishra, Amity Business School,
Amity University Chhattisgarh, Raipur India
Abstract - This report critically examines India's recent achievement of a $4 trillion Gross Domestic Product (GDP), analyzing whether this milestone represents a true success in holistic development or merely a statistical triumph. By comparing India's economic and social indicators with those of more developed economies like Japan and the United Kingdom, the paper delves into the limitations of GDP as a sole measure of national well-being. It explores India's growth drivers, highlights significant disparities in per capita income and human development, and assesses the quality of life across key dimensions including healthcare, education, infrastructure, and social welfare. The analysis reveals that while India's aggregate economic growth is commendable, substantial challenges in inclusive development, income inequality, and social infrastructure persist. The report concludes with recommendations for India to pursue a more equitable and sustainable path towards comprehensive development, ensuring that economic size translates into improved quality of life for all its citizens.
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