GREATER POLARISATION IN PAY FROM ON-DEMAND ECONOMY

of 1.3 billion Indians less than that of 126 million Japanese, 83 million Germans and 40 million people in California? Why is India’s GDP 20 per cent of China’s, when they were equal in 1991? Why did the world’s largest democracy – created on the infertile soil of the world’s most hierarchical society – not create the world’s largest economy? Only because of the low productivity of our government, cities, sectors, firms, which translates into our people. And all of it manifests in our low wages (US is No. 1 democracy with per capita GDP of $55,100, India is No. 2 democracy with per capita GDP of $1,886). At TeamLease, we have had a real-time view of dramatic