India shows all the signs of a failed middle-income country — first face them to fix things

India's economic engine is sputtering. Income growth for most Indians has stalled, and many young people are unemployed. The informal sector dominates, and productivity remains low. While the stock market thrives, it's disconnected from the reality of stagnant wages and struggling businesses. The government, focused on subsidies, struggles to invest in growth. These are warning signs of a middle-income trap.
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