WB's Gill: India's rise as high-income developed nation 'not guaranteed'
Business Standard|October 10, 2024
Underscoring the threat of a middle-income trap, World Bank Chief Economist Indermit Gill has said that India's rise as a high-income developed country is "not guaranteed" unless it takes specific measures, including giving more economic freedom and improving quality of education.
YASH KUMAR SINGHAL
WB's Gill: India's rise as high-income developed nation 'not guaranteed'

"The odds are against India simply based on international experience. It is not guaranteed for a very simple reason. I have been looking at so many countries that were in India's situation, doing quite well, and in the end, they ended up getting stuck at per capita income levels of $4,000-7,000 for a long time. That's the reason why I say there is no guarantee. You can't think of many countries of India's size which have gone on to become high income countries," Gill said during an interview with senior journalist Karan Thapar.

هذه القصة مأخوذة من طبعة October 10, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 10, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Concor's growth route shifts as demand dips
Business Standard

Concor's growth route shifts as demand dips

Weak exim volumes, competitive pressures add to logistics firm's demand woes

time-read
2 mins  |
October 17, 2024
Business Standard

Benchmarks fall as IT, auto shares retreat

Benchmark indices declined for the second day. The Sensex fell 318.76 point or 0.39 per cent to settle at 81,501.36 while the Nifty dipped 86.05 point or 0.34 per cent to close at 24,971.30 on Wednesday.

time-read
1 min  |
October 17, 2024
Business Standard

Global fund managers pare India allocation: BofA

Global fund managers increased their allocation to China at India's expense after Asia's largest economy unleashed a stimulus package, according to a survey conducted by BofA Securities.

time-read
1 min  |
October 17, 2024
Quant MF scoops up nearly half of AEL's ₹4.2K cr QIP
Business Standard

Quant MF scoops up nearly half of AEL's ₹4.2K cr QIP

Subscribes 6.66 mn shares at ₹2,962 apiece

time-read
2 mins  |
October 17, 2024
MF licence aspirant list swells with new wave of AMCs ready to roll
Business Standard

MF licence aspirant list swells with new wave of AMCs ready to roll

New applications serve as launchpad for diversifying business and expanding capital market reach

time-read
2 mins  |
October 17, 2024
' 'Kutty Japan' faces crackle of fireworks, barium bans
Business Standard

' 'Kutty Japan' faces crackle of fireworks, barium bans

Impressed by its industrial vibrancy, former prime minister Jawaharlal Nehru affectionately referred to this small city in Tamil Nadu as 'Kutty Japan' (Kutty means 'mini' in Tamil). Now, in 2024, Nehru's Kutty Japan, popularly known as Sivakasi, still contributes to over 85 per cent of the fireworks made in the country, lighting up the festive colours of every city and village in India.

time-read
2 mins  |
October 17, 2024
Agencies actively pursuing bomb threat cases: Minister
Business Standard

Agencies actively pursuing bomb threat cases: Minister

Law enforcement agencies are actively pursuing all cases of bomb threats against airlines and the government is closely monitoring the situation, Civil Aviation Minister K Rammohan Naidu said on Wednesday.

time-read
2 mins  |
October 17, 2024
Business Standard

Amazon Prime Video to introduce ads next year

Amazon's streaming platform Prime Video will include advertisements in shows and films for Indian viewers starting next year.

time-read
1 min  |
October 17, 2024
Business Standard

Why language needs more than a tag

Earlier this month, the Union Cabinet granted classical language status to Marathi, Pali, Prakrit, Assamese, and Bengali. With Tamil (2004), Sanskrit (2005), Telugu (2008), Kannada (2008), Malayalam (2013), and Odia (2014) already designated as classical languages, this brings the total to 11.

time-read
3 mins  |
October 17, 2024
I'm back: Omar Abdullah takes charge as J&K CM
Business Standard

I'm back: Omar Abdullah takes charge as J&K CM

5 ministers take oath, including Dy CM from Jammu region and 1 Independent

time-read
3 mins  |
October 17, 2024