• TVgog56789@lemy.lolOP
        link
        fedilink
        arrow-up
        2
        ·
        8 months ago

        India even lags behind in manufacturing wrt Bangladesh and Vietnam too.

        Nothing surprising. Indian GDP is bloated with 6%+ inflation which their central bank considers normal. So cost of everything doubled every decade.

        But the wages are stagnant. There is 0% real wage growth in the last 10 years.

        Per capita income ranking is 129

        HDi ranking is 132

        Not even 1% percent Indians can afford a medical emergency.

        Corruption perception index only got worse.

        Under 25 unemployment is 44%

        People have every reason to be unhappy

    • TVgog56789@lemy.lolOP
      link
      fedilink
      arrow-up
      1
      ·
      8 months ago

      India is a rich country with a majority of poor people. That’s why GDP rank is 5th while per capita income rank is 129th.

      Because of this people lack access to quality healthcare or education to improve their lives.