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India risks a middle-income, low-productivity trap as weak job creation, stagnant wages and sluggish investment reinforce one another; escaping it requires better vocational education, wider diffusion of technology and useful knowledge, and greater social value for skilled work
document fetched 2026-10-29 03:03 · canonical https://thehindu.com/business/Economy/the-way-out-of-the-dangerous-trap/article71451541.ece