Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Great points. India is in a weird composition when it comes to the lifestyles people lead there. The problem is income inequality and lack of an economic balance thereof. I am sure there are a lot less beggars these days than there were in the 90's. The government, albeit corrupt, is slowly lifting people out of the poverty line and looking at the private sector, there are more employment opportunities now. Wage levels are still not up to the mark, and quickly diminish in value after trying to meet the costs of basic necessities like housing and transportation (fuel). We may need to hold on for another 10 years or so and see for ourselves what stage India may get to, at that point.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: