New Delhi, Oct. 19 -- Senior Congress leader P Chidambaram on Sunday asserted that the growth rate of 6.5 per cent was not a moment of celebration, but it was telling of India being stuck in the lower-middle income trap without the "ideas or intrepidity" to get around.

"A growth rate of 6.5 per cent is not a moment of celebration. It means that India is stuck in the lower-middle income trap without the ideas or the intrepidity to break out. It is a time for summoning Manmohan Singh-like courage," Chidambaram posted on X.

He further said that India's Gross National Income (GNI) per capita of USD 2,650 needs to double for it to get around the low-middle income group.

Citing excerpts from his column in an English daily, Chidambaram argued...