• TVgog56789@lemy.lolOP
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    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