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The Indian economy is expected to grow at over six per cent in each of the next three years (File). New Delhi: The World Bank has upgraded India’s growth forecast for FY24/25 to seven per cent from 6.6 per cent, the global financial body said in an India-focused report released Tuesday that also said the…
Last Updated: August 03, 2024, 23:21 IST At the end of 2023, 108 countries were classified as middle-income, each with annual GDP per capita in the range of USD 1,136 to USD 13,845. The World Bank Report said it will take China more than 10 years to reach one-quarter of US income per capita and…
India faces serious obstacles in becoming high-income countries in the next few decades, the report said. 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…