India has leapfrogged directly into a stock market economy like the USA.

comparison

1) There is limited scope for manufacturing growth. Large english speaking population = more exposure to western social media = aspire to do blue collar knowledge work = higher manufacturing wage costs ( taken from molson hart video )

2) Inept government which has stifling bureaucracy at all levels an example is the labor laws outlined by this paper

3) Terrible humid and hot weather discouraging high cognition innovation except in AC and limiting manufacturing efficiency. In addition India has the some of the worst air pollution in the world including it’s capital New Delhi. There have been no serious efforts to address this air pollution.

4) India’s smartest talent continues to emigrate to USA , Europe etc

5) India’s startup ecosystem is full of doordashes ( labor arbitrage ) no innovative product or hardware companies. Most valuable startups like byju’s are scams , zomato and swiggy further fattening a growingly obese & diabetic population

6) Inequality continues to increase, buoyed by stock market returns. While luxury car sales like mercedes-benz are growing other cars remain flat in previous quarters.

“The top 10% of the population has seen an increase in their share of national income, from 42.2% in 2011 to 48.0% in 2021. The top 1% has also increased their share, from 18.1% in 2011 to 21.7% in 2021. The bottom 50% has seen a decrease in their share, from 14.7% in 2011 to 13.0% in 2021. The middle 40% has experienced the largest decrease, from 43.1% in 2011 to 39.0% in 2021.”

7) Ubiquitous cheap data and smartphones while hailed as victory is actually acting as spiritual opium impeding progress in several areas when combined with addictive western social media , gaming and gambling. While there is an occasional case of exemplary young people achieving alot on platforms like replit using smartphone 90% population are wiling their time on facebook, instagram, tiktok equivalents and stupid games. The people are losing the attention war to devices in a bad way instead of upskilling or working in manufacturing as mentioned in 1).