"INDIA" - may be trap in economics crises.

According to some research, India GDP growth in 2019 - 7.8, which is less than expectation(9 or near to 10). However, experts predict, India may become one of the Middle Trap Income countries like South Africa & Brazil, etc,

First of all, before we start further discussion about the topic, we should understand the term "Middle Trap Income"-

"Middle trap income is a situation for Middle Income Countries the place they are no longer in a position to cross up to the Higher earnings reputation due to the operation of numerous unfavorable factors".

According to the World Bank, India had been already entered the Middle Trap Income since 2008.
The per capita income increasing slowly-

Financial Year 2016-17 per capita income rise by 9.3% (1,03,000 INR)

Financial Year 2017-18per capita income rise by 8.6% (1,13,000 INR)

The main reasons are:-

• Less manufacturing growth.
• Lack of increment in the export product.
• Stagnant of people income.
• Lack of innovation in products.
• Drastically decrease new investments in the country.
• Too many govt. policies(rule & regulation), which bard entry of new investor and companies.
• Slow adoption of new technologies etc.

India should seriously take consider upon upcoming trap and try to welcome new technologies and innovation.

Take an example of  Crypto-currency, every week a  new rumor going to be float in the market that India going to ban the cryptocurrency in India(including possession and trade).

Generally govt. always have an expert committee to deal with new challenges, but honestly, I am not able to understand one thing, the appointed experts not able to understand the real problem with crypto or they forget two basic rule of law-

1. The legislature can't enact those statutes, which cannot be implemented.
2. The Govt. can't regulate those things, which can't be regulated.

So India may be broken this trap if govt. take decision with wisdom.