Trickling down to Viksit Bharat

Strong trickle-down through wage growth would eventually lead to a higher consumption of essential items such as basic clothing, utensils, and personal care products like soaps

A new government in New Delhi will shortly take over. There is a lot of hope among businessmen and stock-market participants that a third term led by Narendra Modi will transform India into Viksit Bharat (developed India). The question is how we measure such a transformation. The popular indicators are growth in gross domestic product (GDP), tax revenues, stock-market indices, growth in corporate profits, investment flows, and so on. An improvement in these points towards increasing prosperity for the vocal, urban and prosperous minority. They dominate the chatter, so one automatically assumes these indicators will change India into a prosperous