Yeah rising inequality is a good guess, thank you – the OWID chart also shows the US experiencing the same trajectory direction as India (declining average LS despite rising GDP per capita). I suppose one way to test this hypothesis is to see if China had inequality rise significantly as well in the 2011-23 period, since it had the expected LS-and-GDP-trending-up trajectory. Probably a weak test due to potential confounders…
Yeah rising inequality is a good guess, thank you – the OWID chart also shows the US experiencing the same trajectory direction as India (declining average LS despite rising GDP per capita). I suppose one way to test this hypothesis is to see if China had inequality rise significantly as well in the 2011-23 period, since it had the expected LS-and-GDP-trending-up trajectory. Probably a weak test due to potential confounders…