5 charts show why the world is cheering India's economy
Live MintNEW DELHI : On more than one occasion in recent months, India has been hailed for holding its head high amid a looming global economic slowdown. India will spend ₹3,500 crore on toys to outplay China Why housing real estate remains a losing proposition This manager's small-cap fund gave 40% CAGR returns in 3 yrs View Full Image Mint The steady rise in per capita GDP compares favourably with other emerging economies: while India does not have the stellar growth paths of China or Russia, growth is less volatile than Brazil or Nigeria, and faster than Indonesia or the Philippines. Youth Power View Full Image Mint Although growth in the working-age population has slowed, India still enjoys a demographic dividend—the phase when the working-age population outnumbers the dependent population. Default-proof View Full Image Mint Unlike some low-income debtor nations, India has managed to avoid sovereign default through careful dollar borrowing, and by accumulating forex reserves to protect against potential debt crises. Economic Well-being View Full Image Mint The “Misery Index" is a useful metric to gauge hardship at an individual level.