India may take 75 years to reach one-quarter of US income per capita: World Bank

A World Bank report highlighted that over 100 countries, including India, will face significant challenges in achieving high-income status in the coming decades. The projections suggested that India may take up to 75 years to reach one-quarter of US income per capita. The report emphasised the need for middle-income countries to adopt more sophisticated policies to avoid getting stuck in the "middle income trap" and outlines strategies for achieving high-income status.