How do you think India's current industrial policy can help or hinder its transition towards a more high-income economy?

The Middle-Income Trap refers to the difficulty many developing countries face in graduating to high-income status after reaching middle-income levels.

• Option 1: Social Transformation will be key to addressing this challenge
• Option 2: Stagnant Economic Growth is the main obstacle
• Option 3: Gradual Industrial Development is the best approach