India is on the cusp of a record-breaking growth in its wealth, but is the country’s rulers paying heed to its growth or not?
As part of a series of reports, The Hindu has sought to assess the impact of this growth on the lives of millions of people.
In a survey conducted in 2015-16, over 1.3 billion Indians aged 15 and above claimed at least Rs 2.5 lakh in assets.
This number is up from 1.2 billion in 2013-14 and 1.4 billion in 2011-12.
The survey found that the average person in India earns about Rs 10,000 a month, which is slightly higher than the Indian average of Rs 9,500.
The country’s richest 2 percent own almost 70 percent of the countrys wealth, according to a report by the Global Wealth Monitor.
The top 1 percent of Indian households have more wealth than the bottom 95 percent of households, according the report.
In India, the top 1 per cent have an average of $2.5 billion in assets, while the bottom 99 percent own less than $200 million.
This wealth gap is likely to grow as more Indians enter the workforce.
A 2016 study by Oxford Economics found that women have the highest average earnings of all women in India, but only about half of them are earning at the median wage, or about Rs 40,000 per month.
This means that women are being left behind by the increase in wages and wages are stagnating.
Another problem that India faces is that its growth is largely driven by its urban middle class, who make up about a quarter of the population.
The population in the urban areas accounts for nearly one-third of India’s total wealth, and has been growing faster than the rural population.
As a result, India’s middle class is likely facing a problem, as it is unlikely to invest in new technologies and businesses in order to boost its wealth.
India’s growth in the industrialised states is not sustainable, and a lot of the wealth that India’s poor are generating is siphoned off to the top, the report said.
India’s middle-class is expected to grow by around 10 percent over the next five years, which will lead to an additional $1.3 trillion in annual growth, according a recent report by World Bank.
But this is just the start of the growth in India’s economy.
The report also found that over the past five years India has seen a decline in the percentage of its GDP being spent on infrastructure and social services.
India currently spends over 70 percent on infrastructure, but the country plans to spend only 17 percent of its gross domestic product on these two activities by 2022.
In addition, the country has a high proportion of poor households, which means that many of the poorest people are still not receiving basic services, such as health and education.
India has a huge debt burden and this means that it will take many years before the country is able to repay this debt, the survey said.
These problems could be compounded by the country being heavily dependent on imported fuel, which accounts for around one-quarter of its total energy consumption.
India imports around $3.5 trillion worth of fuel each year, with the country spending around $800 billion on imports from other countries in 2016.
In India, there are several other factors that contribute to the country continuing to stagnate.
The economy is still recovering from the shock of the 2008-09 global financial crisis and the government needs to ensure that this does not drag the economy down.
India faces a major debt problem, which makes it unlikely that it can fully repay its debt.
India also lacks infrastructure.
In 2015, the world’s sixth largest economy was ranked third in the world, according for infrastructure, and India was ranked 29th.