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📢 文末扫码进裙，免费领取双语精读版 Can India become rich before its population grows old? BBC Asia 5 August, 2024 | 1024 words | ★★ ★ ☆ ☆ For the past two years, Prime Minister Narendra Modi has pledged to transform India into a high-income, developed country by 2047. India is also on course to become the world's third largest economy in six years, according to several projections. High-income economies have a per capita Gross National Income - total amount of money earned by a nation's people and businesses - of $13,846 (£10,870) or more, according to the World Bank. With a per capita income of around $2,400 (£1,885), India is among the lower middle-income countries. For some years now, many economists have been warning that India’s economy could be headed for a “middle income trap”. This happens when a country stops being able to achieve rapid growth easily and compete with advanced economies. Economist Ardo Hannson defines it as a situation wh
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