{"id":228433,"date":"2026-01-11T16:29:15","date_gmt":"2026-01-11T16:29:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/228433\/"},"modified":"2026-01-11T16:29:15","modified_gmt":"2026-01-11T16:29:15","slug":"as-india-overtakes-japan-in-economic-size-prosperity-lags-far-behind","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/228433\/","title":{"rendered":"As India overtakes Japan in economic size, prosperity lags far behind"},"content":{"rendered":"

The achievement unleashed a wave of national pride in New Delhi and among business leaders, but behind the celebrations lingers a question: can the world\u2019s fastest-growing economy turn rapid growth into widespread prosperity?<\/p>\n

Economists warn that GDP figures alone cannot create jobs, lift incomes or bridge yawning inequality in a nation of more than 1.4 billion people.<\/p>\n

The challenge now is maintaining momentum and continuing to drive reforms of taxes, labour rules and foreign investment norms to turn statistical success into tangible gains for its young, still-poor population.<\/p>\n

\"BicyclesBicycles are seen mounted on a milk vendor\u2019s truck in Varanasi, India. Photo: AFP<\/p>\n

For Kunal Gupta, these reforms have unfolded on the factory floor. As CEO of electric-bike maker EMotorad, he has seen a fundamental shift in how businesses approach manufacturing.<\/p>\n

\u201cWe are constantly seeing people trying to get into manufacturing under the Make in India campaign. Businesses are taking the harder step to localisation,\u201d he said, referencing a government drive to boost a sector that still punches below its weight compared to China and other regional competitors such as Vietnam and Thailand.<\/p>\n","protected":false},"excerpt":{"rendered":"The achievement unleashed a wave of national pride in New Delhi and among business leaders, but behind the…\n","protected":false},"author":2,"featured_media":228434,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[6689,351,136170,138,607,5717,219,136169,12410,2344,1759,136168,22790,42166,12074,111,139,69,32433,5262],"class_list":{"0":"post-228433","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-agriculture","9":"tag-apple","10":"tag-biswajit-dhar","11":"tag-business","12":"tag-china","13":"tag-columbia-university","14":"tag-economy","15":"tag-essec-business-school","16":"tag-gdp","17":"tag-india","18":"tag-japan","19":"tag-kunal-gupta","20":"tag-make-in-india","21":"tag-narendra-modi","22":"tag-new-delhi","23":"tag-new-zealand","24":"tag-newzealand","25":"tag-nz","26":"tag-pune","27":"tag-us-dollar"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/228433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=228433"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/228433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/228434"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=228433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=228433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=228433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}