Economic progress also includes GDP, per capita income and life expectancy

- Confusion of economics: Dhawal Mehta

- America's national income is the highest in the world at 23 trillion dollars

Reserve Bank of India Deputy Director Michael Patra said on 31st October 2022 in self-congratulatory style that India will only be able to complete the financial year 2025-2026 after the end of AD. It will become the fourth largest economy in the world in 2027. World Bank's 2021 data (statistical information) says. Is. In 2021, the US national income (GDP) was 23 trillion dollars, which was the highest in the world. China ranked second with a national income of $17.7 trillion, Japan ranked third with a national income of $4.9 trillion, Germany ranked fourth with a national income of $4.5 trillion, India ranked fifth with a national income of $3.2 trillion and sixth ranked The UK's national income was also $3.2 trillion. Michael Patra claims that India is the fastest engine of the world's economy and it will exceed the national income of Germany within two and a half to three years and India will become the fourth largest economy in the world, overtaking Germany's fourth place in the world. Giving one reason for this, he states that the growth rate of the German economy will decrease by 0.3 percent in 2023. When India's AD In 2023, the economic growth rate will be 6.9 percent. However, we have to remember that the prosperity of any country should be measured by the average per capita income of that country in addition to measuring its gross national income. E.g. A family with ten members and the only breadwinner earning Rs 1 lakh per month and a father of two children earning only Rs 50,000 per month can have a better quality of life than the family of a person earning Rs 1 lakh per month. The average per capita income of US, Germany, UK, Japan and China is bigger than the average per capita income of India which makes our eyes widen. Apart from the average per capita income, it has to be checked whether its distribution is fair or not.

Hunger in India: Although the measurement of poverty in the international poverty survey may have errors, it is regrettable that India is ahead of some African countries in terms of hunger. Of course the report considers child malnutrition as well as being underweight or underweight, which is debatable, but you can be malnourished even if you're extremely happy with food and drink. Malnutrition is not starvation. Below are the average per capita income and average life expectancy years of some countries in parentheses respectively.

USA ($75,180 and 77.28 years), China ($12,970 and 77.10 years), Japan ($34,358 and 84.6 years), Denmark ($67,920 and 81.5 years ), France ($42,330 and 82.18 years), UK ($47,318 and 80.90 years) India ($2466 and 68.68 years) and finally Pakistan ($1688 and 67.43 years). ), any ideas?

Eager to take away Germany's fourth place in national income Germany's average per capita annual income of $48,398 and average life expectancy of 80.9 (about (81) years) and India's average per capita income of $2466 and average life expectancy of 68.68 years? Bharat Kalyan It is true that the state is advancing and making rapid economic progress but Sare Jahan Se Accha, Hindostan Hamara is the subjective feeling of every Indian citizen.India is ahead of Pakistan with only 1666 dollars and life expectancy of only 67.46 years.