More than 100 countries, including India, face significant hurdles to becoming high-income nations, per the World Bank’s World Development Report 2024. India may take nearly 75 years to reach one-quarter of US income per capita. China might take over 10 years, and Indonesia nearly 70 years. The report notes many middle-income countries get stuck at around 10% of US GDP per capita, approximately USD 8,000 today. For stock market investors, this underscores the long-term growth challenges in emerging markets.
World Bank: India May Take 75 Years to Reach a 1/4 of US Per Capita Income
