middle income trap – Dnyan pravah news

Stagnant wages amid fast economic growth: We need an Indian Enlightenment

adminJanuary 12, 2025010 mins

[ad_1] For millions of Indians, GDP growth has not translated into better livelihoods, creating the paradox of a booming economy that fails to uplift a significant portion of its population. Wage stagnation amid rising inflation: The disparity between India’s economic growth and stagnant wages is stark. Consider the IT sector, once a beacon of upward…

Mint Quick Edit | Welcome realism on Viksit Bharat

adminJuly 29, 202402 mins

[ad_1] As the challenge of becoming a developed country by 2047 cannot be overstated, it’s good to see realism attend some of India’s official discourse on this goal. A government approach paper on Viksit Bharat lays out what’s needed. India’s economy must reach $30 trillion from $3.3 trillion currently, while per capita income would need…