Q.3) What is middle income trap? How India can escape it by focusing on increasing productivity? (10 marks)

“Mentor’s comment”

https://www.livemint.com/opinion/online-views/we-must-plan-ahead-to-escape-the-middle-income-trap-11625155881221.html

-In the intro, mention the importance of productivity for India to progress economically.
-In the body, describe what is middle income trap. Next, mention importance of productivity for India in which more than half of its population depends on agriculture. Describe importance of technology intensive manufacturing, schemes like PLI etc.
-Conclude by mentioning importance of focusing on improving productivity to escape middle income trap.

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