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India Rising with Ravi Agrawal
What Could Go Right?
The Challenge of India's Economic Growth
India's status as a large and potentially thriving economy is clouded by the reality that average incomes in the country are still very low, about a fifth of what the average Mexican or Chinese makes. It would require significant growth to reach a middle-income status, with the need for further liberalization, reforms, and addressing structural hurdles like the lack of manufacturing jobs and skilled labor. The presence of billionaires and modern cities may be impressive, but the path to sustainable economic growth remains challenging and uncertain.
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