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Compare per capita income of India with those of developed countries. - Economic Applications

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प्रश्न

Compare per capita income of India with those of developed countries.

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उत्तर

Per capita income comparison (2017):

India $ 1940
USA $ 59,532
UK $ 39,720

India is classified as an underdeveloped country because its per capita income is very low compared to that of developed countries. In 2017, India’s per capita income was estimated at \$ 1,940 only. On the other hand, developed countries like the USA and the UK have very high per capita incomes of \$ 59,532 and $ 39,720, respectively. This significant disparity highlights the low standard of living and lower economic development in India as compared to these developed nations.

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अध्याय 5: Characteristics of Indian Economy - QUESTION BANK [पृष्ठ ६९]

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जे. पी. गोयल और कौशल गोयल Economic Applications [English] Class 9 ICSE
अध्याय 5 Characteristics of Indian Economy
QUESTION BANK | Q 2. | पृष्ठ ६९
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