Overview

• India’s economy measures $15 trillion in PPP terms, roughly half the size of the US economy’s $29 trillion PPP output.
• India’s labour productivity ranks lowest among G20 nations, undermining real income growth and standards of living.
• Real monthly wages in 2023-24 remain below pre-pandemic levels, prompting workers to queue for government jobs.
• Bery called for diversifying into high-value manufacturing and services, leveraging global knowledge and free trade agreements to boost competitiveness.
• He urged the private sector to generate better jobs and deploy under-utilised workers—particularly women and youth—to meet India’s 2047 development goals.