Amit's Blog

India's Economic Surge: Riding the Global Wave India’s GDP growth, with a 5.92% CAGR from 1990–2024, outstrips the global 2.98%. Their 0.65 correlation shows India amplifies global trends, with 1% global growth driving 1.5–2% Indian growth. Reforms and resilience fuel India’s edge in this dynamic economic interplay. The global economy is a vast orchestra, with each nation playing its part. For the past 35 years, India has been the spirited soloist, hitting high notes while syncing with the global rhythm. Since 1990, through booms, busts, and reforms, India’s GDP growth has danced with the world’s, creating a story of correlation, outperformance, and ambition. How closely do these economies move together? What drives India’s edge? Let’s explore this economic symphony, weaving in expert voices, data, and a touch of narrative flair. The Correlation: A Harmonious Yet Distinct Beat The correlation between global and India’s GDP growth rates from 1990 to 2024 is a robust 0.65 , p...

India’s Path to Upper-Middle-Income Status by 2050: Challenges and Opportunities   India, with its 1.4 billion people and rapidly growing economy, stands at a critical juncture in its development trajectory. Eighty years ago, most countries that were poor remained so, with rare exceptions like oil-rich nations aligned with the United States or those benefiting from US-led security and economic support, such as Japan, South Korea, and Singapore. China’s remarkable rise since the 1980s offers a partial exception, though it has not yet fully transitioned to high-income status. India, lacking vast natural resources or a geopolitical patron, faces a unique challenge: can it achieve upper-middle-income country (UMIC) status, defined by the World Bank as a GNI per capita between $4,516 and $14,005 (2024 thresholds), within the next 25 years? This essay explores India’s prospects, drawing on historical precedents, current economic trends, and expert insights. It examines whether India ...