What is the middle-income trap and why it matters for India? Discuss some measures to overcome it.
Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 4. What is the middle-income trap and why it matters for India? Discuss some measures to overcome it. (250 words) Reference: Live Mint Why the question: The article suggests focusing on improving productivity and thereby the manufacturing sector to avoid …
