Do you still think India is a poor or developing country?
India may be having the largest amount of gold distributed among its population. India has the largest number of qualified and English speaking people in the world. India is home to maximum number of languages and cultures. India has the oldest continuous culture in the world. Poverty in India is a way of life acceptable to those who are poor by choice. The money spent on a single festival in India on entertainment can finance the budget of a single country. Is it still justified that Indians call themselves poor or allow the world to do so?
I would classify India as an emerging economy, but the country is still underdeveloped. Economically speaking, India is growing at an impressive rate. But development is about more than national income. Amartya Sen (a world renown economist, and the co-developer of the Human Development Index used by the United Nations) defines development as 'freedom'. If we measure India's development based on his definition - taking into account political and civil freedoms, economic entitlements and distribution of income, gender equity, to name just a few factors - India could still not be classified as a developed country. The caste system is still very prominent in many areas, bride burnings still occur at an alarming rate, there is vast income inequality, and some farmers in so much debt that they take their own lives by drinking pesticide...just to name a few of the social issues. So I would say that given the economic growth in recent decades, India is on it's way toward development; but the country still has quite a ways to go.
While India has one of the quickest growing economies in the world, surpassing the rate of the United States, it may still technically be a "developing country." However, are not all countries of this world still developing works in progress?
by priyabhardwaj8 years ago
why india is still a developing country....even after 52 years of independence?
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