India may take 75 years to reach a quarter of United States’ per capita income: World BankA World Bank report reveals that over 100 countries, including India, face significant challenges in achieving high-income status. A recent World Bank report highlights that over 100 countries, including India, will encounter significant hurdles in achieving high-income status in the coming decades. This range categorizes them among the World Bank's middle-income countries. The battle for global economic prosperity, he emphasized, will be largely determined in middle-income countries. The report proposes a strategy for achieving high-income status that involves adopting a sequenced and increasingly sophisticated mix of policies tailored to each country's development stage.

Source: dna August 04, 2024 04:03 UTC