India is an economic loser of the 21st century but Italy is much worse
In my previous post, India was mentiones as an economic loser of the 21st century. It’s a true statement considering the four largest (real GDP PPP) economies. There are, however, other economies of interest. I published a paper in 2021 “Real GDP per capita: global redistribution of economic power” describing all economies with estimated GDP in terms of real GDP per capita and presented the case of Germany as the vampire of the EU and the other economies as its victims. In 2024, the situation is almost the same with the only change – Germany stalled in eocnomic development. Figure 1 compared the growth in real GDP pc in 8 economies since 2000. The leader is still Russia, but the main loser is Italy with only $4884 added in the 21st century to personal GDP pc. India has $5058 !
The UK and France are still in the underperformance mode.
Source: http://mechonomic.blogspot.com/2024/09/india-is-economic-loser-of-21st-century.html
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