All indices follow a standardized construction methodology:
Index_t = Σ(w_i × normalize(X_it)) / Σw_i
where:
X_it = Raw value of component i at time t
w_i = Weight assigned to component i
normalize() = Min-max normalization to [0,1]
Key Finding: SSI peaked at 7.5 in 2020 with simultaneous census delay, consumption survey suppression, and GDP methodology issues. The sustained level of 4.5 since 2021 indicates normalized suppression.
DQI_t = (V_t × F_t × R_t)^(1/3)
Where:
V_t = V-Dem Liberal Democracy Index (0-1 scale)
F_t = Freedom House Score / 100
R_t = (180 - RSF_Rank) / 180
Year
V-Dem LDI
Freedom House
RSF Rank
V_norm
F_norm
R_norm
DQI Score
2014
0.555
78/100
140/180
0.555
0.780
0.222
0.71
2015
0.529
77/100
136/180
0.529
0.770
0.244
0.69
2016
0.501
77/100
133/180
0.501
0.770
0.261
0.67
2017
0.462
77/100
136/180
0.462
0.770
0.244
0.64
2018
0.422
75/100
138/180
0.422
0.750
0.233
0.60
2019
0.389
71/100
140/180
0.389
0.710
0.222
0.56
2020
0.365
67/100
142/180
0.365
0.670
0.211
0.52
2021
0.357
66/100
142/180
0.357
0.660
0.211
0.51
2022
0.290
66/100
150/180
0.290
0.660
0.167
0.45
2023
0.275
66/100
161/180
0.275
0.660
0.106
0.43
2024
0.271
66/100
159/180
0.271
0.660
0.117
0.42
Key Finding: DQI declined 40% from 0.71 to 0.42, with press freedom showing the steepest decline (RSF rank fell from 140 to 161).
A5. Employment Elasticity Estimation
Methodology
Employment Elasticity = (%ΔEmployment) / (%ΔGDP)
Log-linear specification:
ln(E_t) = α + β×ln(Y_t) + γ×X_t + ε_t
Where:
E_t = Employment at time t
Y_t = Real GDP at time t
X_t = Control variables
β = Employment elasticity
Period
GDP Growth %
Employment Growth %
Elasticity
95% CI
R²
2004-2009
8.4
0.8
0.10
[0.08, 0.12]
0.72
2009-2011
8.5
0.4
0.05
[0.02, 0.08]
0.65
2011-2016
6.7
0.1
0.01
[-0.02, 0.04]
0.58
2016-2020
5.2
-1.2
-0.23
[-0.28, -0.18]
0.81
2020-2023
7.8
8.6
1.11
[0.95, 1.27]
0.69
Note: The 2020-2023 elasticity of 1.11 reflects distress employment in informal sector post-pandemic, not quality job creation.
A6. Inequality Measurement Methods
Income Share Calculation
Top 1% Share = Σ(Y_i) / Y_total for i ∈ top percentile
Gini Coefficient = (1/2n²μ) × ΣΣ|y_i - y_j|
Palma Ratio = Income share of top 10% / Income share of bottom 40%
Year
Top 1%
Top 10%
Middle 40%
Bottom 50%
Gini
Palma
2014
15.0%
52.9%
32.1%
15.0%
0.812
3.5
2015
16.2%
54.1%
31.5%
14.4%
0.821
3.8
2016
17.5%
55.3%
30.9%
13.8%
0.830
4.0
2017
18.9%
56.4%
30.3%
13.3%
0.838
4.2
2018
19.8%
57.1%
29.9%
13.0%
0.843
4.4
2019
20.6%
57.8%
29.5%
12.7%
0.847
4.6
2020
21.0%
58.2%
29.3%
12.5%
0.850
4.7
2021
21.7%
58.9%
28.9%
12.2%
0.854
4.8
2022
22.2%
59.4%
28.6%
12.0%
0.857
5.0
2023
22.6%
59.8%
28.4%
11.8%
0.860
5.1
A7. Robustness Tests
Sensitivity Analysis Results
Test
Base Result
Alternative Specification
Difference
Significant?
SSI with ±20% weights
4.5 (2024)
4.2-4.8
±6.7%
No
FCI excluding borrowing
0.78
0.75
-3.8%
No
DQI arithmetic mean
0.42
0.48
+14.3%
Yes*
Employment elasticity (quarterly)
0.01
0.03
+200%
No
Inequality (CMIE vs WID)
22.6%
21.8%
-3.5%
No
*Note: Geometric mean penalizes weak dimensions more heavily, making DQI more sensitive to democratic erosion.
A8. Complete Results Tables
Master Results Table 2014-2024
Year
GDP Growth
Unemployment
Top 1%
SSI
FCI
DQI
Press Rank
Devolution
2014
7.4%
4.9%
15.0%
0.0
0.62
0.71
140
35.0%
2015
8.0%
5.0%
16.2%
1.5
0.64
0.69
136
35.6%
2016
8.3%
5.1%
17.5%
1.5
0.66
0.67
133
36.2%
2017
6.8%
6.0%
18.9%
3.5
0.68
0.64
136
36.6%
2018
6.5%
6.1%
19.8%
6.0
0.71
0.60
138
35.5%
2019
4.0%
5.8%
20.6%
5.5
0.73
0.56
140
34.0%
2020
-6.6%
7.1%
21.0%
7.5
0.84
0.52
142
33.0%
2021
8.9%
5.9%
21.7%
4.5
0.79
0.51
142
32.7%
2022
7.2%
4.8%
22.2%
4.5
0.75
0.45
150
32.4%
2023
7.8%
4.2%
22.6%
4.5
0.74
0.43
161
32.1%
2024
6.8%
4.5%
22.6%
4.5
0.78
0.42
159
31.8%
Average
6.8%
5.4%
19.5%
3.9
0.71
0.56
143
33.9%
Summary Statistics
GDP Growth: Mean = 6.8%, SD = 3.8%
Unemployment: Mean = 5.4%, SD = 0.78%
Top 1% Share: Increased 50% (15% → 22.6%)
SSI: Increased from 0 to sustained 4.5
FCI: Increased 26% (0.62 → 0.78)
DQI: Decreased 41% (0.71 → 0.42)
Press Freedom: Fell 21 ranks (140 → 161)
Devolution: Decreased 9.3% (35% → 31.8%)
Technical Appendix | India Political Economy Assessment 2014-2025
Complete data and code: github.com/someperspective/india-economy
September 2025