The World Bank's latest World Development Report says about 108 countries* are currently stuck in a middle-income trap. It defines these as countries with a gross national income (GNI) per capita between $1,146 and $14,005 in 2024—below this threshold, a country is considered low-income, while above it, high-income. It breaks up the middle-income category (MIC) into two sub-categories—with those between $1,146 and $4,515 as lower middle-income (LMIC) and above that as upper middle-income (UMIC).
The number of countries in the MIC group remained high at about 90 in 2000, increasing to 109 in 2010, and remaining at 108 today. They appear to be in a trap. But this is misleading.
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Markets dip amid selloff in Adani group stocks
Conglomerate's combined market capitalisation falls by 2.2 trillion
Nifty 50 may hit 27K by 2025-end: Goldman Sachs
Conglomerate's combined market capitalisation falls by ₹2.2 trillion
°GST on health insurance needs to be reduced,
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Draft guidelines to upgrade 1,000 ITIs in the works
Talks with stakeholders for proposed scheme completed
Adani Green abandons $600 mn bond offering
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Corporate irregularities can impact economy at large: Justice Kumar
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Quant MF's big Adani bet may have sense of deja vu
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US charges: Legal experts see no knee-jerk response from Sebi
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Premium Valuations may cap upsidesforlndian Hotels
Indian Hotels (IH) has an ambitious strategy of doubling its hotel portfolio and is aiming for a 14 per cent annual revenue growth. The goals are achievable, given financial discipline and agility.
Vedanta Resources defers dollar bond issue due to mkt volatility
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