Is India at Risk of the Middle-Income Trap? Insights from the World Bank Report 2024
The World Bank Report 2024 brings to light a pressing issue that many developing countries, including India, face today—the risk of falling into the middle-income trap. As nations experience rapid economic growth, they can struggle to transition to high-income status. The report highlights key challenges and opportunities, providing policymakers with valuable guidance to navigate the path toward sustainable growth. … Read more