At the Republic India Economic Summit 2025, Shamika Ravi explained that while China’s GDP is nearly five times India’s, the difference in private consumption is only about 1.5 times, meaning the average Indian quality of life is only slightly lower than China’s. She emphasized that in a free democracy, GDP gains are reflected in citizens’ lives rather than being concentrated with the state or corporations, highlighting the unique advantages of India’s growth model. Presented by: @tvsmotorcompany
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