Lower-middle Income

Nageswaran also said India should not be overly consumed by global uncertainty, especially with a domestic economy where private consumption accounts for 60 per cent of GDP

The reforms are part of the Government's broader strategy to stimulate consumption, enhance ease of doing business and boosting economic growth

In its Real State of the Economy report, Congress has accused the Centre of steering India toward a 'middle-income trap.' Here's what it means

Over 90 per cent of the global deaths per year linked to air pollution from landscape fires were in low and middle-income countries, including India, according to a study published in The Lancet journal. Other countries with the highest burdens of disease due to landscape fires, including wildfires, were China, Indonesia and those in the sub-Saharan Africa. The findings highlighted geographic and socioeconomic inequalities in how landscape fires affect public health, an international team of researchers, including those from Monash University, Australia, found. Landscape fires occur in natural and built-up settings and can include both forest fires and those caused due to human activities. Most of the resulting deaths are related to the air pollution caused due to such fires, contributing to long-term cardiovascular and respiratory illnesses. The study attributed roughly 0.45 million deaths a year to heart-related conditions and about 0.22 million deaths annually to respiratory ...

Pereira said that India needs to prioritise education, skilling and take up reforms to improve business climate, reduce informality, ease FDI restrictions in the economy to attract investments

Only one in three people in low-and middle-income countries had access to safe drinking water in 2020, a new analysis of 135 low- and middle-income countries (LMICs) has estimated. Using models, researchers from ETH Zurich, Switzerland, combined household surveys with global Earth observation, including satellite, air, and land data, on human, geographic, and environmental factors. They, thus, created detailed maps of safe drinking water use across 135 LMICs. Their analysis is published in the journal Science. The authors estimated that despite 88 per cent of the people living in the LMICs using an improved drinking water source, defined as having "the potential to deliver safe water," almost half the population were estimated to be exposed to faecal contamination. As such, more than 4.4 billion people in poorer countries lack safe drinking water. This is roughly twice the estimate of 2 billion people in 2020 given by the World Health Organization and United Nations (UN) Children's

Without structural transformation in India's workforce, growth will necessarily sputter in the future

Unless substantial reforms are undertaken to improve India's freedom rankings, it may remain stuck within the Upper-Middle-Income range beyond 2030

India must build stronger institutions and a more inclusive growth strategy to avoid falling into the middle-income trap

The leaders said they would step up efforts to implement the Common Framework for debt treatments in a "predictable, timely, orderly and coordinated manner"

People face a litany of barriers to accessing vaccines and treatments from undersupply of vaccines and treatments, to underfunding of health systems, and poor adaptation to local needs

Has the 5G auction been a success? Who is the new World Bank chief economist, Indermit Gill? Are telecom stocks worth your hard-earned money? What is a middle-income trap? All answers here

A middle-income trap is a situation in which a country attains a certain average income and gets stuck at that level, failing to graduate to a high income group. Let's know more about this trap

Like India, multiple lower middle income countries face power outages

While the recovery in sentiments in July is impressive, it needs better traction in the critical income groups

The scheme, which has been extended to March 2021, offers interest subsidy of 3-4% to middle-income groups, depending on their income levels

Huge losses are expected across different income groups, especially in upper-middle income countries (7 per cent, 100 million full-time workers), said the ILO

On virtually all parameters, India in 1990 was a laggard compared to the other lower-middle income (LMI) countries. But in the past 25 years, India has done better than the LMI group; sometimes closed the gap or caught up with their numbers, and sometimes moved ahead