The problem with South Asia is that, being poor, even this smaller inequality means much greater hardship for the poor and this is what is feeding various kinds of rebellious movements in the region.
This will be one of the most formidable challenges confronting India over the next decade if it is to live up to its promise.
The difficulty arises from the fact that the rising inequality is largely a concomitant of globalisation and, hence, for a single country to take action against this is to take the risk of a pathological backlash on the economy
Comment: On one hand we have the elite who know not how best to use their money (as demonstrated in previous entry) and on the other we have people in abject poverty not being able to have the social mobility to move out of it.
India has the innovativeness. She must find the way to retain the high earning brain capital and yet have an social system able to help and lift poor out that eternal trap of generational settled disadvantage.