why usa is regarded as a developed country and india is a developing nation
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Answer...
The United States is a highly developed country, with the world's largest economy by nominal GDP and second-largest economy by PPP, accounting for approximately a quarter of global GDP. ... The United States is the world's largest importer and the second largest exporter of goods, by value.A developing country (or a low and middle income country (LMIC), less developed country, less economically developed country (LEDC), or underdeveloped country) is a country with a less developed industrial base and a low Human Development Index (HDI) relative to other countries.
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Explanation:
Had the ones who shared the Inshorts link bothered to open it, this is what they’d have read, “The US has classified India as a developed nation, eliminating the preferential treatment it received in countervailing duty investigations. This makes it easier for the US to penalise India if it harms US industries with unfairly subsidised exports.”
The title of the report (or whatever is the acceptable term for 60-word ‘crisp’ news) was undoubtedly misleading, taking away the nuance from news. Inshorts sourced its piece from The Print where the headline doesn’t distort the context of the news. For the sake of brevity, not only did Inshorts remove China’s reference but also the phrase ‘trade benefits’.