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