Annual Report 2017-18
In the last one decade or so, The Indian GDP more than doubled from US& 1.2 trillion to US$ 2.5 trillion, making us the seventh largest economy in the world today. The rapid growth has brought tremendous prosperity and India moved 133 million poor households out of poverty. Yet as reports say, the benefits of growth have been highly skewed. The top one percent of the rich households cornered 73 percent of the additional wealth created during 2017-18. The bottom three-fourths of the population, who even now survive on just INR 33 (US$ 0.45) per capita per day, added just a little more than one percent to their wealth.