{"id":313056,"date":"2024-10-11T18:33:28","date_gmt":"2024-10-11T13:03:28","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=313056"},"modified":"2024-10-11T18:33:28","modified_gmt":"2024-10-11T13:03:28","slug":"can-india-escape-middle-income-trap","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/can-india-escape-middle-income-trap\/","title":{"rendered":"Can India escape middle- income trap?"},"content":{"rendered":"<p><strong>News:<\/strong> <em>World Banks\u2019s World Development Report 2024 has brought into focus the phenomenon of the \u2018middle income\u2019 trap.<\/em><\/p>\n<p>1. World Development Report: It is an annual report published by the World Bank that provides invaluable insights on a specific aspect of global development. It focuses on themes like economic growth, sustainable development, and poverty reduction.<\/p>\n<p>2. Middle Income Trap: It refers to a scenario where a country that has achieved middle income status struggles to transition to high income status.<\/p>\n<p>3. Some features of the middle-income trap include stagnant economic growth, innovation deficit, decreased productivity.<\/p>\n<p>4. To break the middle-income trap, the World Development Report highlights the importance of the \u201c3i\u201d Approach: Investment, Infusion, and Innovation.<\/p>\n<p>5. Countries like South Korea and Chile have successfully broken the middle-income trap.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>News: World Banks\u2019s World Development Report 2024 has brought into focus the phenomenon of the \u2018middle income\u2019 trap. 1. World Development Report: It is an annual report published by the World Bank that provides invaluable insights on a specific aspect of global development. It focuses on themes like economic growth, sustainable development, and poverty reduction.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/can-india-escape-middle-income-trap\/\">Continue reading <span class=\"screen-reader-text\">Can India escape middle- income trap?<\/span><\/a><\/p>\n","protected":false},"author":10357,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[12039],"tags":[],"class_list":["post-313056","post","type-post","status-publish","format-standard","hentry","category-knolls","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/313056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10357"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=313056"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/313056\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=313056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=313056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=313056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}