Why four Asian countries got a World Bank income upgrade—and India didn’t
• The World Bank recently upgraded the income status of four Asian countries, including Vietnam and the Philippines, while India remains categorized in the lower-middle-income group. • Despite being the world's fastest-growing major economy, India has failed to move up, highlighting a disconnect between its aggregate GDP growth and the actual rise in per capita income. • This disparity underscores a critical economic challenge for India: ensuring that national wealth translates into higher individual living standards across its vast population.
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