India’s economic story has two very different chapters.

India’s GDP per capita fell from 35.2% of the EMDE average in 2003 to 27.8% in 2013.

Since 2014, that trajectory has reversed.

India reached 37.2% of the EMDE average in 2026 and is projected to reach 46.2% by 2031.

The EMDE group itself comprises 150+ emerging markets and develo economies, representing roughly 85% of the world’s population.

So this is not simply India growing in isolation. It is India steadily closing the gap with the broader develo world.

The lost decade was followed by a decade of catch-up.

印度的经济发展历程包含两个截然不同的阶段。印度人均 GDP 占新兴市场与发展中经济体（EMDE）平均水平的比重，从 2003 年的 35.2% 下滑至 2013 年的 27.8%。自 2014 年起，这一发展趋势出现反转。2026 年印度该比值达到 37.2%，预计到 2031 年将升至 46.2%。

新兴市场与发展中经济体群体包含 150 多个新兴市场及发展中国家，约占全球总人口的 85%。因此，这并非印度脱离大环境的单独增长，而是印度在持续缩小与广大发展中世界之间的差距。在经历失落的十年之后，迎来了追赶增长的十年。

以下是印度网友的评论：

vC097
Next do reservation chart
And check if it is hel India or destroying India

接下来做一张关于种姓预留配额制度的图表，看看这项政策到底是帮印度，还是毁印度。

 

Ayush Agrawal
Growth Premium vs Peers
Two benchmarks are used: the IMF's EMDE aggregate, which is PPP‑GDP‑weighted
and therefore dominated by China, and an unweighted basket of eight named peers - China, Indonesia, Vietnam,
Bangladesh, Philippines, Brazil, Turkey, Mexco. Advanced economies are excluded from the benchmark by design:
beta‑convergence means a poor country should mechanically outgrow Germany, so beating the G7 measures

相较于同类经济体的增长优势

这里用了两套参照标准：一套是国际货币基金组织的新兴市场与发展中经济体汇总数据，该数据按购买力平价GDP加权，中国的权重占比很高；另一套是8个对标国家组成的非加权样本，分别是中国、印度尼西亚、越南、孟加拉国、菲律宾、巴西、土耳其、墨西哥。这套基准特意剔除发达经济体。贝塔收敛理论的逻辑是：穷国按道理增速天然会高于德国，所以拿七国集团做对比没有参考意义。

 

DONTKNOWME
so called great economist

所谓的伟大经济学家。

 

Defence Core
I mean 2007‑11 was a pretty rough phase for the global economy, GFC, Great Recession, post‑GFC recovery, EDC & high inflation, if u see that way India was quite resilient, but obviously got hit too.

我的意思是，2007到2011年全球经济处境十分艰难，遭遇全球金融危机、大衰退、危机后复苏、欧债危机，还有高通胀。从这个角度来看，印度抗冲击能力还算不错，但也难免受到波及。

 

DONTKNOWME
ya Fair... I too accept it ..but India actually fell behind its peer in terms of growth cause till 2007‑8 we saw a big boom and we did not hit as high as we should have done...so certainly wasn't a super high growth period if we compare to where world was

行，说得有道理，这点我也认同。但从增长表现来看，印度其实被其他同类国家甩开了。2007‑2008年之前我们经历过一轮繁荣，可之后本该实现的高增速并没有到来。放到全球大环境对比，那几年绝对算不上高速增长时期。

 

Sd
We shouldn't forget p.m singh Raghuram Rajan kaushik Basu P Chidambaram culmination of work took India to fiscal deficit crysis India's current account balance remained mostly negative (in deficit) across the 2004–2024 timeframe, dip to nearly -5% of GDP in 2012.

别忘了辛格总理、拉古拉姆·拉詹、考希克·巴苏、P·奇丹巴拉姆这批人，他们一连串的政策操作，把印度拖入财政赤字危机。2004至2024这二十年里，印度经常账户大多处于逆差状态，2012年逆差一度接近GDP的5%。

 

Sri
bruh, this graph is highly misleading can only be used as org*sm toy for low iq gobar cell (IT cell), we will see in the future ministers quoting this graph etc. etc. but here is points u need to know
India's post‑2014 rise relative to EMDE partly reflects the denominator slowing—especially China and commodity exporters—not a sudden acceleration in India's own growth.
except china , india outperformed leading asia economies in 2003‑2014, after that we are second to bangladesh mostly because other economies are highly export driven and led to slow down due to high interset rate in 1st world after covid, nothing new for india
It uses nominal GDP per capita in current USD, so inflation, exchange rates and the 2000s commodity boom massively affect the comparison. Russia/Brazil boomed in nominal $ terms while China had historically exceptional growth
In real terms, the supposed "lost decade" disappears. India's real GDP CAGR was ~6.7% in 2004–14 vs ~6.3% in 2014–24; real GDP/person CAGR was ~5.2% vs ~4.9%. India grew rapidly in both periods.
and please don't cry base chota hai and bada hai, india still categorizes in develo economy and cgar adjust for all of this.

兄弟，这张图表误导性极强，也就适合拿来给低智商的官方水军当洗脑工具。往后说不定还有部长拿这张图到处说事。但有几点你得搞清楚。

2014年后印度相对新兴市场与发展中经济体的占比走高，一部分原因是参照样本里其他国家增速放缓，尤其是中国和大宗商品出口国，并非印度自身增速突然暴涨。
2003‑2014年，除中国之外，印度增速跑赢亚洲主要经济体。但在那之后，我们就落到孟加拉国后面。主要原因是其他经济体高度依赖出口，新冠之后发达国家加息，造成这些国家经

济走弱，这对印度来说也不是什么新鲜情况。

这份数据采用现价美元计价的名义人均GDP，通胀、汇率、2000年代大宗商品大牛市，都会极大干扰对比结果。俄罗斯、巴西按美元名义数值曾经暴涨，而中国实现了史无前例的高速增长。

换成实际GDP口径来看，所谓的“失落的十年”根本不存在。2004‑2014年实际GDP年均复合增速约6.7%，2014‑2024年约6.3%；人均实际GDP年均复合增速分别为5.2%和4.9%。两个阶段印度都保持高速增长。

别拿基数大小来抬杠，印度依旧属于发展中国家，而年均复合增长率本身就已经把基数因素纳入考量。

 

Pratyush
Everything is misleading if it doesn’t conform to your echo chamber

只要数据不符合你的固有认知，你就会说它全是误导。

 

anonymous
Why has pee capita gdp rank not improved if this case ? Multiple south asian countries have grown faster on per capita gdp in last 10‑12 years

既然情况这么好，那人均GDP排名为什么没有提升？过去十到十二年，有好几个南亚国家的人均GDP增长都比印度更快。

 

Mojo Bozo
Because people drinking less water so pee capita is the same.
But on a serious note china went from
$2800 2007 # 125 <- India here
$4600 2010 # 95
$8255 2016 # 83
$12971 2022 # 77
$14874 2026 # 73
So a $1800 pci increase brought them down 30 ranks but a $10k only did 20

因为大家喝水变少，所以“人均排尿量”没变化。说正经的，中国人均GDP变化：

2007年2800美元，排125位，当年印度也处在这个档位；
2010年4600美元，排95位；
2016年8255美元，排83位；
2022年12971美元，排77位；
2026年14874美元，排73位。

人均GDP涨1800美元，排名前进30位；后续增长10000美元，排名只前进20位。

 

Jack of All Sparrows
Posts like these come up on our side whereas on the other side the dehati subhumans argue if NaMo would even be remembered in the coming decades.
Frail ass Manmohan can only be a fkin softie who only did Press Conferences and the jeetas and jeets in our cuntry loved the accountability farce and let sonia maino go scot free.

我们这边会产出这类分析帖子，而另一边一帮愚昧的乡野之人，还在争论莫迪几十年之后还会不会被人记住。

体弱的曼莫汉·辛格就是个软骨头，只会开新闻发布会。国内一群人追捧这种走过场式的问责闹剧，还放任索尼娅·甘地全身而退，不用承担任何责任。

 

utkarsh
One banger after another
Lost decade indeed
Only select few prospered, rest were snatching away any opportunity to move abroad. Such grim was the economic outlook. If the massive globalization wave wouldn't have happened, there wouldn't have been any prosperity for anyone

句句都很犀利，确实就是失落的十年。只有少数人赚到红利，剩下的普通人拼命抓住一切机会出国谋生。当年的经济前景就是这么惨淡。如果没有赶上那波全球化大潮，谁都得不到好日子。

 

Ankit Jakhar
Does anybody have an archive of the press conference for this downfall?

有没有人留存了当年经济崩盘时期的新闻发布会存档？

 

Tarun
Congress era, Manmohan Singh the economist saar. The only thing congress era top the list is scams.
Few cases.

国大党执政时代，经济学家曼莫汉·辛格大人。国大党执政时期，排在第一位的就只有各种各样的腐败丑闻，这类案例数不胜数。

 

Hola.Oscar.Garcia
Yup India behind Pakistan

没错，当年印度还比不上巴基斯坦。

 

कांग्रेस समर्थक
Greatest economist saaarrrr

最伟大的经济学家大人。

 

Addycodo
2004‑14 indeed was a lost decade

2004‑2014年确实就是失落的十年。

 

JaanHaiIndia
The interesting part is the reversal. India went from falling further behind the EMDE average to steadily closing the gap. The next challenge is turning that relative catch up into higher absolute incomes, better jobs and broader gains in living standards.

有意思的点在于趋势的反转。印度从不断被新兴市场与发展中经济体的平均水平甩开，转变为稳步缩小差距。接下来的挑战，是把这种相对层面的追赶，转化成实实在在的收入提升、更好的就业岗位，以及全民生活水平的普遍改善。

 

Priyank Anand
Is chutiye ka ek graph kya dikha diya government ne, ye apne aap ko hero samajhne laga aur har din ulte seedhe kuch bhi graph leke aane laga
Ab isko 1000 log nahi dekh rahe.

政府随便放出一张破图表，这人就把自己当成英雄了，天天拿各种乱七八糟的图表出来说事。现在看他帖子的人连一千个都不到。

 

krisshSaa
Bhai facts ke sath counter kar par nahi karega kyuki tu rahul gandhi ko great leader manta hai na

兄弟，拿事实来反驳啊。你肯定做不到，毕竟你把拉胡尔·甘地视作伟大领袖，对吧。

 

vivek
Counter nahi sakte to dusre ko chutiya bol deta hu

辩不过别人，就只会骂别人蠢货。

 

Viktor
counter him on facts and data, pappu piss drinker.
but i guess you’re the jaahil gawaar dehati types, just like his other regard followers.

拿事实和数据去怼他啊，蠢货。不过看样子，你就是愚昧粗鄙的乡巴佬，和他的其他追随者是一路货色。

 

Parth Sinha
what level of incompetence you possess. Pick a struggle mate, pappu gooning, incompetent engineer and bihari.

你的能力到底有多差。别无脑抬杠站队，一个水平不行的比哈尔工程师。

 

thehimelsarkar
The projected curve is going to win an Olympics gold for the heavy lifting it is doing.
Stagnant from 2017‑26 but rises 10% in 5 years?

这份预测曲线的强行拉升程度，都能拿奥运金牌了。
2017‑2026年基本原地踏步，然后短短五年直接暴涨10%？

 

Regular__Indian
I was literally working on this data point and was about to publish tomorrow
But no issues.
This is an amazing data point from the Indian Matrix team. Keep on doing and posting.

我刚好也在研究这套数据，本来打算明天发布出来。不过没关系。印度矩阵团队产出的这套数据质量很高，希望继续研究、多多发布内容。

 

Aryan
Muh Manmohan Singh great saar he do good saar beleibe me saar me nehaaa saar i useee AI PFP saar

哇，曼莫汉·辛格太厉害了，他做得很棒，相信我。我用的是AI生成头像。

 

VediGopal
India has been an "emerging" market for eight decades now. It is time to throw out the failed policies of the past and learn from history.

印度已经当了八十年的“新兴市场”。是时候摒弃过去那些失败的政策，吸取历史教训了。

 

Kartik Mehta
People's political ideologies also change with changing circumstances

人的政治理念，也会随着现实环境发生改变。

 

KANIEL OUTIS
All RWs are bookmarking your posts to show it to liberals

右翼网友全都把你的帖子收藏起来，准备拿去反驳自由派。

 

Orlando Mazzota
AI powered Roboid PM decade

AI机器版总理掌权的十年。

 

GigaDad
Someone plz hire this guy!!
Absolute gem!!!

谁赶紧把这个人招过去！真是难得的人才！