in terms of per capita income, I don't think so. absolutely certainly due to the demographic situation alone. I think that the innovative potential of the American economy after society has recovered from the shocks of recent years is structurally underestimated. A large proportion of people are still convinced of the American way of life, of free markets and personal responsibility. These are values that are very pronounced in the West, which India first has to develop and institutionalize. India first needs a strong middle class in order to develop a stable society at all
You're right. Indian middle class is still very weak. One reason goes to high difference between workforce by gender. Indian women, nearly all of them, don't work. So, half of the working population sitting idle is a strong drawback.
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