Question

Why is INDIA not as developed as JAPAN ? Give your own views in more than 50 words.​

Answer 1

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Myth 2 - Japanese save money

Yes, they do save money. But first you need to create money before you can save it. I’ll come to that in a min.

Myth 3 - Japan got rich because of exports

Trade surplus is capital deficit. What it means is that if Japan is exporting more than it imports, it must be investing more in foreign countries than foreign countries are investing in Japan. That indeed is true and Japan invests a lot in foreign countries.

There is no direct relation between trade surplus and development of a country.

Russia has a 41 Billion dollar trade surplus, Iran has a 21 Billion dollar trade surplus and Thailand has 50 Billion trade surplus.

US has 500 Billion dollars trade deficit, UK has 91 Billion trade deficit.

Answer 2

Answer:

India is not develope as Japan because Japan import the requirement resources for industries ,efficiency of peoples has made the country rich and also the latest technology helps the country to develop more perfectly. Japan had a one party and switched to democracy later on.That allowed them to necessary changes without political gridlock.

This is the big reason why India is not yet developed as compared with Japan.

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