Is India developing country?

Answer 1

OF Course India is a developing country. The infra structure facilities, Energy ,Security, power and people's mind set still needs some time for joining the band wagon of developed countries. Problems like castism, racism, religionism ,and regionalism are still being given air by our politicians. Each one of us has to stand up and spoil the dreams of these anti humanity people.Our Growth rate and per capita income is showing some upward trend but still about 1/3 population is leading the life of poverty. Let us all join our hands and take a pledge to take India to the group of developed countries by the year 2020, as desired by our beloved President Dr. A.P.J. Abdul Kalam.

Answer 2

Every country in Asia, except Japan, is developing. China has been growing at 9% a year on average since the 80's, so I assume India probably grows between 6% and 9 % a year. Japan grows at 3or 4% a year. Hong Kong grows at 6% .

Answer 3

The following is a quote from a recent issue of Kiplinger's Newsletter:

Make way for the Chinese economic express. Look for growth in gross domestic product to clock in at nearly 10% this year, little changed from last year's spectacular 10.7%. Having surpassed France as the world's fifth-largest economy in 2004 and wrested fourth place from the United Kingdom in 2005, China is poised to leapfrog over Germany into the No. 3 ranking by 2008.

The Indian locomotive isn't far behind, with growth on track to reach 8.4% this year, propelling India into the No. 12 spot globally. By 2017, it will capture fifth place.

India could actually be growing as fast as China, were it not for India's democratic system, which makes it necessary to build consensus on critical reform measures among widely divergent political stakeholders. China's ruling Communist Party faces no such challenge. "[India] is very resolutely a democracy, and like any democracy, it has to go about major policy initiatives in a prudent way," says E. Ashley Wills, formerly President Bush's Assistant U.S. Trade Representative for South/Southwest Asia and currently a senior international business adviser for law firm WilmerHale.

India's infrastructure development, while significant, lags years behind China's. Foreign direct investment in Indian infrastructure is flowing at the rate of $9 billion a year, far short of the $20 billion to $24 billion the government would like. That said, the completion of a key component of India's new national highway system later this year will give a major structural boost to the nation's economic growth. The "Golden Quadrilateral" will greatly reduce travel times and shipping costs among four of India's largest cities: Delhi, Mumbai, Kolkata and Chennai.

The Indian government will also continue to cut tariffs on imports. The government is likely to soon propose a decrease in average peak tariff rates to 10% from the current 12.5%—still high by world standards, but a vast improvement over the prohibitive levels of only a few years' past. Average tariff rates on capital goods will fall even further, to 7.5%, helping to increase U.S. exports of a wide range of machinery—from computers and turbojets to forklifts and conveyors.

Answer 4

It is compared to developed countries.

Answer 5

Ya, it has not yet developed but is developing

Answer 6

yes

Answer 7

yes

Answer 8

I wonder why the label is important?

Answer 9

yes, 3rd world.

Answer 10

Yes, it is.