Gross Domestic Product measures the market value of all the goods and services produced in an economy. It is an indicator of the economy's overall growth in terms of production level, but it does not measure economic welfare. It doesn't give an idea of economic welfare as we do not get an idea about the income received by the individuals, which is the measure of economic welfare. GDP per capita or income per capita can be a better indicator of economic welfare, as it gives a clear picture of the standard of living of the population and the Income received by each individual. Moreover, it covers the extreme cases of income inequality in the economy. Further GDP rise appears not to speak about the rising Income and wealth inequalities in the community. The rise in the GDP conducted by the increase in income and wealth inequalities would not benefit society.

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