CA Final Student & Audit Assitant
2051 Points
Joined February 2010
Hi,
Here we have to look on economic point of view. Now, first what is a devloped county means???
-Developed country is a country where PER CAPITA income is high and if its minimum then also individuals are able to survive by fullfilling their basic needs.
-Develped country's service sector is much stronger and stable than developing countries.
-Developed country's are technologically advanced country's in comparison of other countries.
Now, what is developing country is?
It is less developed, undevloped industrial base, low human index in comparison of other countries. And Sadly India's condition is same. Curroption, weak govt., less developed industries, low human index i.e. poverty, unemployment etc.
Just compare USA and INDIA. You will easily understand why we are developing and why USA is developed.
Please comment if you have any doubt.
Regards,
Abhi