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In 2013, India’s manufacturing sector contributed 17% to its GDP. Over the next 10 years, under Modi’s leadership, it decreased to 12.84% in 2023. This indicates a move away from industrialization.
India’s top 10% own 77% of the total wealth. To roughly estimate income distribution using GDP, assume the GDP in 2024 is $4 trillion. Twenty-three percent of this is$920 billion, divided by 1.26 billion (90% of the population), the average income (using GDP) is approximately $730 a year, or$2 a day, which is the UN poverty line.