Economic activity has rebounded in LMICs post pandemic, but the debt accumulated in that period has continued to grow, driven by both short & long-term debt.
Govt policies in middle-income countries like India incentivise small firms to remain small, while bigger firms are not growing fast enough, the World Development Report 2024 says.
China needs to transition from a manufacturing-driven economy to an innovation-driven economy to level up to the big boy’s club. But there are multiple fault lines.
India is likely to join the ranks of middle-income countries in the 2030s but will not have a per-capita gross national income comparable to upper MICs for 25+ years.
Electoral competition now appears dominated by welfare delivery and governance metrics, but ideology has not disappeared in Tamil Nadu. Instead, it has become strategic.
India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.
Chief of Defence Staff Gen Anil Chauhan says India’s nuclear capability will not be considered a separate domain, but part of cognitive war in multi domain operations.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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