To be a developed country, India should have comparable infrastructure like roads, electricity, water supply. Its impossible to say India is developed when whole of the state of maharashtra (except few major cities) cuts power supply for 4-8 hours daily. India has to have sufficient infrastructure for power supply to support its citizens and industries. Many other areas to improve like health care, child mortality rate, life expectancy, employment, Social benefits to elders, education, curbing reservation (affirmative action) etc.
Bottomline, Its still underdeveloped.
2006-07-05 09:41:12
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answer #1
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answered by moviedhamaka 2
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India is a developing economy and not an underdeveloped economy.
Yes 2 centuries ago, India was the richest nation in the world with kings possessing humongous wealth. What India lacked was technology to fight the invaders and Britishers who invaded and ruled India a zillion times taking all the money and leaving India to its own.
But India fought back my establishing many Universities across the nation after Independence which has become the source of the best talent in the field of science, technology and management. India liberated its economy in 1991, so essentially India is just a 15 year old nation and promising to grow very fast. The only big hurdle is India's bad labor laws, lack of infrastructure and corruption at every level, from top to down.
But the good thing is that besides the problem, India is going at a rapid rate and the government is under pressure now to take all the right steps to improve investment in India.
India today has 27 home grown dollar billionares and many more ready to be crowned as billionaires which goes to show that India had the capability to become a developed nation in the next 2 decades.
2006-07-05 20:27:11
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answer #2
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answered by kk_1981 1
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Without perpetuating a useless argument that relies on the arbitrary distinction between the definition "underdeveloped" and "developing", India, out of sheer size SHOULD have a few billionaires even if it is desperately poor, which many parts are. Spend some time on looking through the World-Bank's website and you will find data that questions India's current status as a developed economy. 40% illiteracy in population above the age of 15 years, as well as their per capita income does not place it well in the ranks of countries like China (9%) or even Vietnam (10%). The hoopla over India is concentrated on a privilege segment of the country, where the overwhelming majority is not well off.
As far as hope, India has incredible potential, and I regret sounding critical of the country because I am not. India's bright spots are glaringly bright, it's expats are moving back and bringing knowledge home to start multinational companies at a rate over an above what China for example has enjoyed.
India is a player, but not in the all the ways touted in books like "The World is Flat"
2006-07-05 21:59:18
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answer #3
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answered by bizsmithy 5
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India has much improved in the past decade but still has too much poverty with too many uneducated people living in villages with little access to progress. It is still too "dirty" and needs a lot of work done in its infrastructure. No gov't sponsored social security, welfare, unemployment programs to help give people a a first or second chance. So compared to "developed" nations, India has a long way to go. There is definitely hope as the country has several self-made millionaires, foreign investments, growing economy, global visibility and a young, educated, energetic population eager to change things for the better.
2006-07-05 12:34:08
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answer #4
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answered by xdwcpsd 3
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Development is a spectrum, not a black-and-white picture. There are many quantitative measures of development. They span the economy (GDP per capita, contribution of various sectors of the economy to GDP, etc.), infrastructure (total length of paved roads, number of aircraft departures, electric power consumption per capita, etc.), education (percentage of population that has elementary, secondary, college, or graduate-level education), and health (life expectancy, percentage of births attended to by a doctor or a nurse, infant mortality, etc.)
The World Bank has data on many of those measures:
http://devdata.worldbank.org/data-query
You can see how India stacks up versus other countries and draw your own conclusions.
As to hopes for development, think about this: two hundred years ago, no country in the world was developed in today's terms. Development happens when people work together on mutually acceptable terms and do not waste time and resources on wars.
2006-07-05 13:44:12
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answer #5
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answered by NC 7
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I don't know much about Indian economics. India's major setback is that it has too many people, and not enough jobs. Also, the variety of culture hinders its growth, but living standards in India are still on their way up.
2006-07-05 17:42:21
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answer #6
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answered by Anonymous
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I must say yes .It is that they are making progress in every aspect they can as I compare my country Pakistan with it I will say only one thing "In a watch India is 30 minutes faster than us but in a progress they are 30 years ahead of us."
2006-07-05 12:59:44
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answer #7
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answered by Napster 1
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Quite afronting. Andia is certainly underdeveloped. Look at the documentries. There are so many documentries about Andia. It seems to be attractive to Developed nations.
Andia needs to be more proactive and positive as well as pleasant and polite and don't forget to be political and powerful.
The world needs more Andias. Please keep up the god work.
2006-07-05 12:47:25
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answer #8
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answered by Qyn 5
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yes we are still underdeveloped as we copied only western culture from developed country still underdeveloped in the sector of technology and advancement.
2006-07-05 12:29:03
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answer #9
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answered by sharjish 2
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I never have been ther so i wouldn't know what i do know is India has very bright people...
2006-07-05 12:56:22
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answer #10
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answered by Linnie 5
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