Why Japan is considered to be a developed country in comparison to India
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Japan got rich because of exports 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.
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Japan is far more developed than india in terms of infrastructure, technology and many other factors. Japan is considered a developed country whereas India is a 'developing' country.
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