India's Economy Doubled in 10 Years, But Per Capita Income Still Behind 143 Countries

Date: 2025

India: The 4th Largest Economy

With a GDP of $4 trillion, India has become the fourth-largest economy in the world. This is a significant milestone, as highlighted by NITI Aayog CEO B.V.R. Subrahmanyam. However, India's per capita income remains relatively low at around $2,800–$2,900.

Despite the economic achievement, questions are being raised—especially by the opposition and Congress—about the real benefits to Indian citizens. How does India compare with countries like China and the United States when they reached the $4 trillion mark?

Where China Stood at $4 Trillion GDP

China crossed the $4 trillion GDP mark in 2008. At that time, its per capita income was approximately $3,500—slightly higher than where India stands today. Following this, China made massive investments in infrastructure and exports, which propelled its economic boom. Today, China's per capita income exceeds $12,000.

The U.S. Economy at the Same Milestone

The United States reached a GDP of $4 trillion back in 1987. At that time, its per capita income was around $17,000. As a developed and wealthy nation, the U.S. capitalized on innovation, technology, and the service sector to advance further. Today, America's per capita income is over $65,000.

India's Path Ahead

While India's current per capita income is lower in comparison, with the right policy focus—especially on investment, innovation, and inclusive growth—it can accelerate upward economic mobility. The journey from $4 trillion to the next milestone must also reflect in individual prosperity.