India being on an incidental growth run during which it chose to ignore human capital development, is unable to sustain growth now when the finance led growth bubble is imploding.
https://www.livemint.com/news/india/how-india-s-growth-bubble-fizzled-out-11574004165054.html
https://www.livemint.com/news/india/how-india-s-growth-bubble-fizzled-out-11574004165054.html
How India’s growth bubble fizzled out
The slowdown is not a short-term disruption. What can replace India’s finance-construction growth model?.As the finance-led growth model collapses, India must invest in its future. India will need at least a generation to build necessary human capital alongside more productive urban spaces