Question

“India is a developing economy.” Give two arguments.

Answer 1

1. Gradual increase in per capita income, growth in agricultural and industrial production: Although India still shows signs of underdevelopment, per capita income has been gradually increasing. There has also been growth in agricultural production and in the country’s industrial base. This indicates ongoing development in key economic sectors.
2. Expansion of infrastructure, adoption of modern technology, and growth of the service sector: India has expanded its infrastructure, adopted modern technology across various fields of production, and seen massive growth in the service sector. These advancements are typical characteristics of a developing economy moving towards greater industrialization and modernization.