India's Economic Transformation: Rural Poor Closing Wealth Gap as Asset Ownership Soars

Dec 16, 2025 10:59 am CST

Finance Minister Nirmala Sitharaman reports significant economic progress in India, with rural areas experiencing remarkable growth in asset ownership and purchasing power. Data shows the Bottom 40% acquiring wealth faster than the Top 20%, dramatically reducing inequality across key consumer goods and positioning India as the fastest-growing major economy at 8.2%, despite global challenges.