Like US, UK and Canada.

"The government's chief economic adviser, V Anantha Nageswaran, expects India's economy to expand by more than 7% in the current fiscal year. The CEA also projected that the economy can sustain more than 6.5%-7% growth for a decade, supported by investment in physical and digital infrastructure." Mint. "Overall hiring activity has seen a 9% uptick in April - both on a month-on-month and on-year basis - indicating a recovery in employment opportunities, the latest foundit Insights Tracker on hiring trends has revealed." ET. "The Indian government's accounts may see a slightly reduced fiscal deficit," as "During the interim budget, the government lowered its fiscal deficit target to 5.8% in its revised estimate for FY24 and announced a target of 5.1% for FY25. In absolute terms, this comes to Rs 17.34 trillion. As of February, the fiscal deficit reached Rs 15 trillion of the total target." NDTV. "For the second year in a row, individual taxpayers have contributed more to the government's direct tax coffers than businesses, according to data from the Central Board of Direct Taxes (CBDT)." In 2023-24, individuals contributed 53.31% and corporate taxes contributed 46.52% of direct taxes. This is apparently similar to the US, UK and Canada. pressreader. However, in 2022, the per capita Gross National Income (GNI) was $53,310 for Canada, $76,770 for the US and $49,240 for the UK. macrotrends. On the other hand, "India's per capita net national income (at current prices) for 2022-23 stands at INR 172,000, according to estimates from the National Statistical Office (NSO)." At constant prices, accounting for inflation, the net national income was Rs 98,118 in 2022-23. India Briefing. At Rs 83 to the dollar (xe.com), that comes to a meager $1182.14. Indians don't earn much. "The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at Rs 2.10 lakh crore (Rs 2.10 trillion)." pib.gov.in. Finance Minister Nirmala Sitharaman....said that "implementation of GST has helped poor as it lowered taxes on large items and exempted many essential goods and services from tax, compared to the pre-GST era." ET. If the GST collection has zoomed to Rs 2.10 trillion despite exemptions the poor must be splurging on large items. "Persisting distress conditions in the countryside are reflected in a sustained contraction of rural wages adjusted for inflation." and "has been observed for 25 out of the 27 months to February, according to the Centre for Monitoring Indian Economy." FE. The rural population constituted 64% of the total population of India in 2022. World Bank. "The South Asian country is poised to become a 21st century economic powerhouse," and "As a result, these three men - Modi, Ambani and Adani - are playing a fundamental role in shaping the economic superpower India will become in the coming decades." CNN. The rest of us can eat cakes (wikipedia). So lucky!