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india's wealth gap deepens amid education and healthcare challenges
Uday Kotak, founder of Kotak Mahindra Bank, expresses skepticism about bitcoin, echoing RBI Governor Das' concerns over its risks to financial stability. Meanwhile, Indian stocks have seen a decline, with the Nifty 50 down 2.54% this week, while the 10-year government bond yield rises to 6.854%. Experts highlight India's wealth gap, driven by unequal education access, and call for increased investment in primary education and job creation to address labor market challenges. Despite a recent surge in FDI, concerns remain about sustaining growth and reducing inequality.
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