Key Insights
- Singapore under Lee Kuan Yew: Even after PPP adjustment, the rise is staggering—about 43 times. This shows not just nominal growth but a real transformation in living standards.
- India under Manmohan Singh: PPP-adjusted incomes more than doubled, reflecting strong early growth from liberalization and global integration.
- India under Narendra Modi: Again nearly doubled, showing resilience despite COVID-19, though the pace is modest compared to Singapore’s historic leap.
👉 This PPP view highlights that while India has made steady progress, Singapore’s transformation under Lee Kuan Yew was unparalleled in scale and speed.
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