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Andy Mukherjee: corporate success isn’t creating the conditions India needs to become an affluent society

India's economy is hampered by a private sector reluctant to invest in innovation and physical assets, despite record corporate profits. This contrasts sharply with China, where firms heavily reinvest, driving mass affluence and job creation. India's stable political climate hasn't spurred investment, leading to worsening inequality and "public squalor." The ticking demographic clock necessitates immediate action: New Delhi must choose between perpetual scarcity and emulating China's investment-led growth. Only a few large conglomerates are investing, while smaller firms avoid risk. The urgency for India to foster widespread investment is paramount for shared prosperity.

LiveMint · mint · Jun 17, 2026 at 9:30 AM

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