Recently, the International Monetary Fund released the latest numbers on the national income of countries, including India. It transpired that India’s gross domestic product (GDP) doubled in the last 10 years ended 2024.
However, this aggregate masks more than it reveals. It buries the fact that India is growing at multiple speeds. A case of countries within a country.
The top 20 percent of the population have a per capita income comparable to developed countries. On the other hand, the balance 80 percent hold the keys to electoral power. This contradiction is giving rise to an era of aspirational versus protest politics.
To unpack this vexing political economy, which could undermine India’s ambitions to become developed by 2047, StratNewsGlobal.Tech spoke to Sajjan Kumar, author, scholar and political researcher on Capital Calculus.
