The Real Picture
India may be the fastest growing major economy in the world but it needs
to sustain high growth rates over the next few decades to substantially
raise standards of living in the country.
India may be the fastest growing major economy in the world but it needs to sustain high growth rates over the next few decades to substantially raise standards of living in the country. The World Bank still classifies India as a lower middle income economy on the basis of Gross National Income (GNI) per capita. Indeed, India's macroeconomic indicators are a mixed bag.
