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Economy News |
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Govt preparing plans to avoid middle-income trap
21-Apr-2026
With the risk of India getting stuck in the middle-income trap, the government is working on a detailed report on how to avoid such a situation. Sources told TNIE that India has only 20 years left to escape the middle-income trap, and therefore, it is studying countries which successfully avoided getting into the trap.
“Since 1990s, only 34 middle-income economies have managed to shift high income category, we will study what they did to escape the trap. We will also study those countries which failed to do so, and the mistakes they committed,” said a government official on the condition of anonymity.
News Source:- https://www.newindianexpress.com/business/2026/Apr/20/govt-preparing-plans-to-avoid-middle-income-trap
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