India is one of the fastest growing economies in the world, producing goods and rendering services worth over a trillion dollars every year.

But at the grassroots level, the benefits of the economic boom have been muted in comparison to that seen by India’s counterparts in the BRICS (Brazil, Russia, India, China and South Africa) grouping.

Wealth per adult in India witnessed a growth of 128 per cent between 2000 and 2014. But this was far lower than the growth in average wealth per adult in other BRICS countries.

For example, in China, wealth per adult grew by 276 per cent in the corresponding period, while Brazil saw a 196 per cent rise.

Meanwhile, wealth per adult in Russia witnessed the maximum appreciation, rising over five-fold over the 14-year period. Even South Africa saw a bigger 161 per cent jump in wealth per adult during the period under review.

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