India on cusp of upper-middle income status; per capita income to rise; economy set to be 3rd largest

 India’s climb up the income ladder was slow for decades, taking 60 years to move from low income to lower-middle income. Since then, growth has sharply accelerated, and a likely transition into the upper-middle-income category by around 2030. India’s climb up the income ladder was slow for decades, taking 60 years to move from low income to lower-middle income. Since then, growth has sharply accelerated, and a likely transition into the upper-middle-income category by around 2030.