Standard of living in India
The standard of living in India varies from state to state. In 2021, extreme poverty was reduced to 0.8% and India is no longer the nation with the largest population living in poverty.
There is significant income inequality within India, as it is simultaneously home to some of the world's richest people. The average wages are estimated to quadruple between 2013-30.
The standard of living in India shows large geographical disparity as well. For example, most metropolitan cities and other urban and suburban regions have world-class medical establishments, luxurious hotels, sports facilities and leisure activities similar to that of Western nations, while there is significant poverty in rural areas of India, where medical care tends to be very basic or unavailable due to a lack of doctors. Similarly, the latest machinery may be used in most construction projects, but some construction staff work without mechanisation in some projects, predominantly in very rural parts. However, a rural middle class is now emerging in India, with some rural areas seeing increasing prosperity.
As per the IMF's World Economic Outlook for 2020, the per capita PPP-adjusted GDP for India was estimated to be US$9,027.