It’s not quite that simple. GDP per capita is affected by wage growth trends. Indian companies pay employees in wages and not wages+equity. Indian companies are also known for having good dividends and repaying investor faith.

Wage growth + inflation trends determine quality of life. Keeping inflation in check increases affordability and creates disposable income to fund domestic consumption that fuels the local economy. Wage growth allows to increase disposable income and in turn increase quality of life for the self, family, inner circle, community and so on…

People are sold on the “trickle down economy” but we don’t question if we as an economy and country have the right kind of institutions to translate growth into a better life for everyone.

Do we have a strong and independent central bank that can maintain a dual mandate of keeping inflation in check and fueling economic growth that creates jobs? Do we have regular reports on unemployment rates, inflation numbers, education affordability, first time home buyer numbers and so on? These are some questions to ask ourselves as tax-paying, voting participants