Note: GDP per capita as corrected by purchasing power parity Source: World Bank
As the chart of the day shows, India steadily improved its rank among 109 nations for which data of income per head, adjusted for purchasing power is available. In 1975, India was the 90th poorest nation. By 2004, it was the 75th poorest nation. The one nation that outdoes India's performance - no prizes for guessing - is China. It has moved up from 108th rank to 58th during the period, crossing over India somewhere between 1984 and 1994. Surely, both India and China can be expected to move further up in the ranking in the coming years.
As the chart of the day shows, India steadily improved its rank among 109 nations for which data of income per head, adjusted for purchasing power is available. In 1975, India was the 90th poorest nation. By 2004, it was the 75th poorest nation. The one nation that outdoes India's performance - no prizes for guessing - is China. It has moved up from 108th rank to 58th during the period, crossing over India somewhere between 1984 and 1994. Surely, both India and China can be expected to move further up in the ranking in the coming years.
courtesy:-Equitymaster Agora Research Private Limited
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