Tackling Socio-Economic Challenges in Middle-income Nations
India and Beyond
PUBLISHING INFORMATION
SMALL DESCRIPTION
Today, middle-income nations face many problems which significantly limit their potential to grow fast, but there may be other reasons which limit them in the long-term.
In countries such as India, Pakistan, Sri Lanka and Bangladesh in South Asia, and other nations all across the globe face problems such as – poverty and inequality (which directly hinders consumer spending), high dependency on importing crucial supplies and high levels of debt (restricting fiscal space for growth-enhancing expenditures), incompetent in the global export market in terms of prices, and other challenges including Education, Infrastructure, growth in SMEs and Startups, etc.
In this paper, we shall dive deep into the root cause of these problems and try to understand how nations facing these challenges striving for economic growth, can overcome these challenges.