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Parts of this paper were presented at SSS-AIU, Study Group and EGROW Foundation webinars, O P Jindal Finance Global Finance Conclave and Rajagiri Conference on Economics and Finance. Enthusiastic feedback helped improve it. In particular, the author thanks Charan Singh for the invitation to develop one of her op-eds, Arvind Virmani, Amartya Lahiri and an EPW referee for
Minhaz Merchant - India is today ranked as a low-middle-income country. China’s per capita income (PPP) is $18,500, roughly 2.5x India’s per capita income. It is ranked as a high-middle-income country, , economy, narendra modi