Economy, asked by madhudevimlx76, 1 day ago

4. “The USA is a developed country while India is still a developing country," do you agree
with the given statement? If yes, why is so? Can you name 5 developed and developing
countries besides from theUSA and India?

Answers

Answered by kishanmkish89
2

Explanation:

no,beacuse India has a massive population growth, which is a big hurdle towards progress. India is also among those countries which are spending a lot upon defense which is a big cause of under development, due to two big atomic neighborhood, China and Pakistan. India still growing at 7 percentage.The United States Trade Representative's (USTR's) office has classified India as a developed economy, ineligible for benefits given by Washington DC to developing countries. ... The USTR considers a country's per capita gross national income (GNI) and share of world trade to designate its level of economic development

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