New Delhi, March 24 -- The World Development Report 2024 by the World Bank highlights a critical issue: emerging economies like India risk being caught in the 'middle-income trap', where stagnant productivity and an inability to harness innovation hinder their transition to high-income status.

Despite boasting a thriving ecosystem of new-age technology companies (NATCs) across diverse sectors such as technology, renewable energy, and artificial intelligence, many face significant challenges in accessing domestic capital markets, which limits their potential to scale and compete globally.

Reflecting on report's findings, reminds us of Sebi's 2019 redesigning of institutional trading platform into the innovators growth platform (IGP).

Th...