Yes, the headlines boast about India being the "fastest growing major economy" or surpassing Japan's GDP.

Our FY 2024-25 GDP growth clocked in at 6.5%, and Q4 at 7.4% – numbers that look good on paper.

But here's the uncomfortable truth: when you look closely, the actual picture for the vast majority of Indians is far less rosy. This "growth" feels largely concentrated at the very top. When we strip away the prosperity of the top 5-10% – the billionaires, the corporate titans – the per capita income for the remaining 90-95% of the population is often just on par with some of the poorer Afri...read more