Stuck in acres of mediocre: External shocks expose India's slide into middle-income stagnation - The Economic Times
• India's economy is facing a slowdown characterized by weak domestic demand and poor productivity, despite surface-level indicators of high growth and low inflation. • External shocks are exposing critical structural weaknesses, specifically a growing crisis regarding jobs and wages across the country. • These factors are pushing India toward a "middle-income trap," a stagnation phase previously experienced by other developing nations.
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