India’s top-heavy boom and the lesson for Bangladesh (opens original article in a new tab)

India's economic growth is top-heavy, with elite wealth and service industries but insufficient middle-income employment and manufacturing. This creates structural imbalances, high youth unemployment, and inequality, offering lessons for Bangladesh's labor-intensive manufacturing approach.

• India's growth is service-led, lacking sufficient middle-income jobs and industrialization.
• Youth unemployment is high, with many educated individuals competing for low-level positions.
• India's manufacturing sector remains underdeveloped compared to countries like Bangladesh and Vietnam.
• Wealth inequality is significant, with the top 1% owning 40% of national wealth.