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Sanskar Agarwal

Stealth • 4m

🌍 India and China: The Middle-Income Trap Challenge The recent World Development Report 2024 by the World Bank sheds light on a crucial issue: the "middle-income trap." This is a scenario where countries, after reaching a certain level of economic growth, struggle to progress further and transition to high-income status. 🔍 Key Insights: At the current pace, it will take India 75 years to reach a quarter of the US per capita income, while China will take over 10 years. More than 100 countries, including major economies like Brazil and South Africa, face significant obstacles in their journey towards becoming high-income nations. 🚧 The 3i Strategy: To avoid or escape this trap, the World Bank proposes a 3i model: Innovation | Investment | Integration Let's focus on creating policies that drive innovation, attract investment, and enhance global integration. #EconomicGrowth #MiddleIncomeTrap #WorldBank #Innovation #Investment #Integration #India #China

0 replies6 likes

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Anonymous

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The World Bank has classified Russia as a high-income country, estimating the gross income per capita at $14,250 per year.

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Vaibhav Babruwan Shingde

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What do you think, Which is the largest Investment Bank In The World?

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Mahendra Lochhab

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GDP COMPARISON OVER THE YEARS: Year INDIA CHINA 1980 $186B $191B 2000 $486B $1.2T 2023 $3.17T $19.9T Source: WORLD BANK

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Shubham Khandelwal

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Mahendra Lochhab

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India has the highest number of commercial bank branches in the world.

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Arcane

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China has more industrial robots than rest of the world combined. Insane!

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Chaman Kanth

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This question has always intrigued me: why are some countries unwelcoming to new technology? It has always happened and will continue to happen in the future that technology creates a great divide among countries. When the Internet and automation w

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Ronak Patel

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In 1961, India's income per person was $86, South Korea's was $94 and China's was $76. India was right in the middle of a very poor pack of countries. India's income per person today is around $2300, China's is around $12,500 and korea's is around $3

Votes: 5

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Mahendra Lochhab

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The Reserve Bank of India (RBI) and NPCI International Payments (NIPL) plan to extend the Unified Payments Interface (UPI) to 20 countries by the FY29.

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