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'India may remain a middle-income country...': Wealth advisor warns services alone won’t scale - BusinessToday

Business Today · 2d

India's economic growth might stagnate earlier than anticipated due to a deficit in innovation, despite existing ambitions. According to Chakravarthy V, a wealth advisor who initiated a discussion on LinkedIn, the country might continue to be a middle-income nation within our lifetime. The reliance on services alone for economic scaling might not suffice, indicating the need for diversified growth strategies to ensure upward economic mobility and avoid potential future stagnation.