7 ms·
India is in a lower middle income group, its neighbours except pakistan are moving or in midle to upper-middle income groups already. Srilanka, China and bangla
by pankajdoharey 7y ago
India is in a lower middle income group, its neighbours except pakistan are moving or in midle to upper-middle income groups already. Srilanka, China and bangladesh are middle, higher middle and soon to be middle income group countries respectively. India is far behind on many indicators and right wing governments world over dont have a great track record of improving the economy. India seems likely to get stuck in middle income trap like Brazil but with much low oil resource and large uneducated skill less population which is destined to be a liability in the next decades to come unless India is able to magically transform its low skill population into an equivalent chinese work force. But that is unlikely due to education disparity in the population, and a religious system where a large population does not have access to education. So all in all India is destined to be a basket case of untapped potential.