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Question
Compare per capita income of India with those of developed countries.
Long Answer
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Solution
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.
shaalaa.com
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