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Economy News

The Economic Times

Economy / The Economic Times

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India's middle-income trap has a problem money may fix

Economist Thomas Piketty says India can escape the middle-income trap through massive investment in education, healthcare and infrastructure, while deeper global cooperation is needed for inclusive growth. He warns that climate change, rather than artificial intelligence, could become the real geopolitical battleground, urging India to reduce its material footprint and support sustainable development and greater global economic justice.

15 Sep 2026 12:30 pm