BRAC
Broad Capital Acquisition Corp Common Stock
stock NASDAQ

This is mostly a population math problem, not a government-specific one.
India's per capita GDP has always been low in global rankings. We were around rank 140-145 even during UPA years. The total GDP grew faster under BJP actually — per capita went from ~$1,600 in 2014 to ~$2,800 now. But when you're dividing by 1.4 billion people, the rank barely budges.
Bangladesh overtaking us wasn't sudden either. Their per capita was about 60% of ours in 2010. They steadily closed the gap — garment exports, strong remittance economy, women entering the workforce in large numbers, NGO-driven rural development (BRAC, Grameen etc.), and critically a much smaller population (~170M vs our 1440M). The crossover in 2020-21 got accelerated because COVID hit our GDP harder that specific year, but the trend was already heading there.
Were there BJP-era fumbles? Sure — demonetization and the messy GST rollout caused short-term GDP hits. COVID second wave was brutal. But there were genuine positives too — UPI/digital infra, FDI growth, manufacturing push.
The honest answer is that no Indian government — UPA or BJP — has cracked the per-capita problem because the denominator is just too massive. Bangladesh didn't overtake us because we failed, they ran their own race well with a fraction of our population. Crediting or blaming any single party for where we sit on this list is mostly cope either way.

This is mostly a population math problem, not a government-specific one.
India's per capita GDP has always been low in global rankings. We were around rank 140-145 even during UPA years. The total GDP grew faster under BJP actually — per capita went from ~$1,600 in 2014 to ~$2,800 now. But when you're dividing by 1.4 billion people, the rank barely budges.
Bangladesh overtaking us wasn't sudden either. Their per capita was about 60% of ours in 2010. They steadily closed the gap — garment exports, strong remittance economy, women entering the workforce in large numbers, NGO-driven rural development (BRAC, Grameen etc.), and critically a much smaller population (~170M vs our 1440M). The crossover in 2020-21 got accelerated because COVID hit our GDP harder that specific year, but the trend was already heading there.
Were there BJP-era fumbles? Sure — demonetization and the messy GST rollout caused short-term GDP hits. COVID second wave was brutal. But there were genuine positives too — UPI/digital infra, FDI growth, manufacturing push.
The honest answer is that no Indian government — UPA or BJP — has cracked the per-capita problem because the denominator is just too massive. Bangladesh didn't overtake us because we failed, they ran their own race well with a fraction of our population. Crediting or blaming any single party for where we sit on this list is mostly cope either way.