Why Martin Wolf Believes India's High-Income Goal by 2047 Faces Uphill Battle

Friday, 5 July 2024, 22:57

Renowned economist Martin Wolf casts doubt on India's ambition to become a high-income country by 2047, citing significant challenges rooted in domestic institutions, policies, and politics. Despite Prime Minister's aspirations, Wolf highlights the formidable obstacles hindering India's progress towards this economic milestone.
Indianexpress
Why Martin Wolf Believes India's High-Income Goal by 2047 Faces Uphill Battle

Challenges in Achieving High-Income Status

Martin Wolf questions feasibility of India's 2047 goal.

Obstacles in Domestic Institutions

Wolf: Overwhelming challenges lie in India's policies and governance.

  • Policy hurdles obstruct desired economic growth.
  • Political complexities complicate progress.

India faces significant barriers to realizing high-income status by 2047.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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