New Delhi, Oct. 19 -- Senior Congress leader and former Union Minister of Finance P Chidambaram on Sunday asserted that India's growth rate of 6.5 per cent is not a moment of celebration, but rather an indicator that the nation is stuck in the lower-middle income trap. He argued that the country lacks the "ideas or intrepidity" to break out of this situation, calling for "Manmohan Singh-like courage."

"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 wrote in a X post (formerly Twitter).

Chidambaram further highlighted that India's persistent ave...