Economists say the demographic stars align just once in the lifetime of any given nation. The top 1 per cent and top 10 per cent in India capture 22 per cent and 57 per cent of income (the 3rd and 4th highest share across major countries). It’s a juggernaut,” The Telegraph quoted him as saying.The report highlights how in Mumbai, the traffic situation is very poor. India’s prime minister has cut corporation tax from 35 per cent to 25 per cent and opened up the country to more foreign investment. As Ramachandra Guha, the historian, points out, many obituaries were written for the young nation in the years after independence.

Source: The Telegraph September 04, 2023 12:36 UTC