2 Source: State of the Economy 2022-23: Recovery Complete (https://www.indiabudget.gov.in/economicsurvey/doc/eschapter/echap01.pdf) 3 Source: Ministry of Statistics and Programme Implementation 4 Source: Ministry of Statistics and Programme Implementation, RBI Balance of Payment Statistics  1  GDP, external trade has increased sharply in the last two decades from about 26 per cent at the turn of the century to about 45 per cent currently.
5 Equally noteworthy is the fact that the development has been inclusive with millions of people being lifted out of poverty. According to a recent United Nations Development Programme update, 415 million people were lifted out of poverty in the decade and half leading up to the COVID-19 pandemic while the incidence of poverty has more than halved.