ISAS Insights

South Asia is now home to almost one-quarter of the world's population. Consequently, the development trends in South Asian countries have not only regional but also global ramifications. In particular, the spectacular economic growth in India, the largest South Asian country, over the past two decades has made it a global economic power-house. The Indian economy is currently the third largest economy in the world by purchasing power parity (PPP), after the United States and China. What are the developmental consequences of this surging economic growth for India's 1.2 billion people? Has economic growth benefited the living conditions of its citizens?