PTI
Middle-income countries like India need to make policies based on reliable data to get into the league of high-income nations in next 3-4 decades as achieving sustainable growth will become harder, World Bank chief economist Indermit Gill said on Thursday.
Addressing an event here, Gill said, to grow into higher-income countries, MCIs (Middle Income Countries) will have to reduce deficits in their mid-sized firms.
“(Going forward) economic growth will get harder for middle-income countries like India, not easier… If you (middle-income countries like India) want to get into high-income country in the next 3-4 decades then you will have to make policies based on reliable information,” he said.
