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'India may take 75 yrs to reach one-qtr of US income per capita'
New Delhi 03August2024
|Millennium Post Delhi
More than 100 countries, including India, face serious obstacles in becoming high-income countries in the next few decades, and New Delhi may take nearly 75 years just to reach one-quarter of US income per capita, a World Bank report said.
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It will take China more than 10 years to reach one-quarter of US income per capita and Indonesia nearly 70 years, according to the World Development Report 2024: The Middle Income Trap.
Drawing on lessons of the past 50 years, the report finds that as countries grow wealthier, they usually hit a "trap" at about 10 per cent of annual US GDP per person - the equivalent of $8,000 today.
That's in the middle of the range of what the World Bank classifies as middle-income countries.
هذه القصة من طبعة New Delhi 03August2024 من Millennium Post Delhi.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Millennium Post Delhi
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