▲ Rising Fast
Trending GlobalIndia’s Growth Paradox: High Pace, Distant Developed Status
India's impressive economic growth rate, widely anticipated to be above 7% for the recent quarter, masks a deeper structural challenge for Prime Minister Modi's ambition of achieving developed-nation status. The current trajectory, while strong in absolute terms, may be insufficient to elevate the country to the ranks of high-income economies within a politically relevant timeframe.