BLUF
India's current gross national income means the World Bank classifies it as a lower middle-income country (MIC)---however; it might take 25 years of sustained growth before it becomes an upper MIC such as China .Summary
This article by Ram Shivakumar, writing for The Print, makes the following points:
- At the end of 2021, the World Bank estimated India's per-capita gross national income (GNI) to be $2,277.
- India will not have a per-capita GNI comparable to upper MICs for at least 25 years.
- For India to become an upper MIC will depend on India developing and following sound growth-focused policy.
- Indian economic growth will also depend on world economic growth.
References
References from the Web:
- MAR 2022 When will China become a high-income country?—Asia Times
- SEP 2022 Why Modi Govt. needs to reconsider spending on physical rather than social infrastructure—The Print
Source Information:
- Article Source: The Print
- Media Check: The Print - About us
- RAAF RUNWAY: RATIONALE, GUIDELINES, LEARNING OUTCOMES, ETC | The Runway (airforce.gov.au)
