The dichotomy of India's economic growth

While India is currently the fifth-largest economy in the world, most Indians still feel the pinch.

The current government envisages India becoming the third-largest economy in the world by 2030. However, Indians will rejoice more when their per capita income increases commensurately. 

Although I am not an economist, I reckon this can happen when:

1. Education and skill development go hand-in-hand.

2. Every Indian has access to affordable, world-class medical care.

3. India does well both in the agriculture and manufacturing sectors.

4. Inflation is kept under control, and the vast Indian middle class can earn and save more.

5. The tax burden on the middle class is decreased by taxing the super rich more while giving incentives to the national wealth creators.

6. Efficient law enforcement and timely justice.

7. Immaculate execution of government schemes for the benefit of the poor.

8. Political will and political stability.

9. Population control.

10. Adequate defence budget to keep Indian armed forces strong and motivated.

Although the current government is already working on the above-mentioned areas, we expect a lot more.