[vikascoder]

Some Highlights from Credit-Suisse Global Wealth Report. https://www.credit-suisse.com/corporate/en/research/research...

1. Richest 1% of Indians now own 58.4% of the country’s wealth making it the second highest inequality in distribution of wealth after Russia.

2. 96% of adults in India have net worth less than USD 10,000, whereas this percentage is only 68% in China.

3. India accounts for 3.1% of mid range wealth while China has 33%, 10 times more than India.

4. 80% of adults in India are in the global bottom half, and Africa is close behind at 79%

5. India's bottom wealth individuals increased by 4.6% where population growth of 2.5 has offset growth of household wealth. China's representation has halved over the last 10 years.

India's explosive population growth rate is offsetting the growth in GDP in the near future. State of infrastructure is abysmal even in the top metro areas. Most of the upcoming industries still face a huge number of logistical and bureaucratic hurdles to get off the ground. Corruption is high as usual. Most of the politicking involves well marketable slogans run by dedicated media cells and whitewashing of development metrics. Just one annual visit to India every year shows me zero improvements to anything I have grown up with. Trains are dirtier and more expensive, Mumbai and Delhi top the world in air pollution, productivity is ultra low owing to long hours of commute in high paying jobs leading to mass emigration of "highly skilled economically well to do" labour force to Western countries, The coveted and prestigious colleges of education are insanely competitive to get in for the few who can.Destitutes line up the streets everywhere you go. You just need a visit.