Look at the shape of India. You see two parts? - the big bulge like a sleeping elephant attached and a thin trunk going all the up to 99.999%ile? If you earn above 25,000 rupees a month, you are in the trunk region.
[70%ile income level in 2016 was only $1000 PPP or 20K INR]
[70%ile income level in 2016 was only $1000 PPP or 20K INR]
Most of you, most probably belong to the trunk region. The big chunk of India resides in the sleeping elephant zone - that is our Tier 3 and Tier 4 markets that will cause massive changes in the global economy with even small progress.
When you think about why India is so slow, think about the sleeping elephant.
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