India’s GDP per capita catching up with richer nations, growth worth celebrating: Korean economist

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India’s economic progress should not be judged solely by how poor or rich the country is today, but by how quickly living standards are improving and how fast it is catching up with other economies, according to South Korean economist Kyunghoon Kim.

The economist pointed to India’s rising per capita income and a sharp decline in poverty to argue that the country’s economic transformation over the past three decades, particularly the last 10 years, deserves greater attention.

The economist pointed to India’s rising per capita income and a sharp decline in poverty to argue that the country’s economic transformation over the past three decades, particularly the last 10 years, deserves greater attention

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