The most troubling concerns are about the future of India, or its young people: young men in their twenties spend their time preparing for exams that qualify them for government jobs, as they pay well. ITES or IT services have kept entry-level salaries in the private sector low, further explaining the attractiveness for government jobs.
A report from Blume Ventures offers insight into what’s pulling India back and what it’s moving forward: It’s a country where Reliance Jio enabled massive internet penetration, which translated into almost everything on mobile, with nearly zero growth in home internet usage. It is also a country where a small group of consumers perpetuate the Indian consumption story. And for all the Amazons and the Meeshos, a little over a tenth of
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