Episode notes
Why are 80 crore people on free government ration in India? Here's the wealth distribution nobody talks about:
πΊ Top 1% β Own 40% of all wealth πΊ Top 10% β Earn 58% of national income π» Bottom 50% β Own just 6% of everything
Remove the top 5% from the calculation? The average Indian earns βΉ7,500 a month.
Why?
Because India has two economies running simultaneously:
π’ Tech / Finance / Services β Growing at 8% β Employs just 10% of workforce π‘ Agriculture / Informal labour β Growing at 3-4% β Employs 90% of workforce
Two economies. One country. Not talking to each other.
The national solution is manufacturing β the only thing that has ever closed wealth gaps at scale. China did it. South Korea did it. India is moving β PLI schemes, defence manufacturing, the $18 trillion EU market now open.
But yΒ ...Β