Taylor summarizes a report on the Indian economy. Tidbits:
The female contribution to India’s GDP is 17 percent, amongst the lowest in the world, and less than half the global female share of GDP at 37 percent.
Despite the expansion of school infrastructure, learning isn’t happening: only 25% of children in Class 5 and 46.8% in Class 8 could read simple English sentence; only 10 percent of new graduates and 25 percent of graduates of engineering and MBA programs had adequate skills to be employable.
“Despite India’s large population, the country’s income tax base is comparable to that of a small European country. In 2012–2013 there were just 31.19 million assessees.”
When it comes to per capita GDP, India ranks 150th among the countries of the world, at a level similar to Nigeria and Congo.