India’s navy wants 100 technologies by 2031 including railguns, hypersonic weapons and lasers

The Indian Navy has finalized a plan to acquire 100 cutting-edge technologies in the next 15 years to build its war-fighting capabilities, but how realistic that will be is a million-dollar question. The 15-year prospective plan unveiled last month calls for acquiring a range of futuristic technologies. These include naval missiles and guns, propulsion and …

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Middle-income Trap – Which countries are in it and why ?

There is a working paper from the Levy Institute which provides a clear definition of the middle income trap and a systematic analysis. ABSTRACT -This paper provides a working definition of what the middle-income trap is. We start by defining four income groups of GDP per capita in 1990 PPP dollars: low-income below $2,000; lower-middle-income …

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