Current location - Loan Platform Complete Network - Foreign exchange account opening - Is India a developed country?
Is India a developed country?
The standard answer is developing countries. India is a developing country with extremely unbalanced distribution of social wealth, and the problem of caste system is more acute. The economy ranks sixth in the world, and India's GDP in 2020 is 2.709 trillion US dollars.

China's GDP in 2020 is 14.73 trillion US dollars, which is n times that of India.

India is the second most populous country in the world? As one of the BRICS countries, India has diversified economic industries, covering agriculture, handicrafts, textiles and even services. Two thirds of India's population still depends directly or indirectly on agriculture for their livelihood. In recent years, the service industry has grown rapidly and become the most important exporter of software, finance and other services in the world. ? The world's largest exporter of generic drugs and the world's largest remittance country. India is a developing country with extremely unbalanced distribution of social wealth, and the problem of caste system is more acute. ?

India's economy is dominated by planting, modern agriculture, handicrafts, modern industry and its supporting industries. A quarter of the country's population still has no food and clothes. India has abundant foreign exchange reserves and a stable exchange rate. In the future, the government will completely abolish foreign exchange control, and the market will determine the value of money. India's manufacturing exports have begun to decline, and power supply in many parts of the country is still insufficient. India, with a large population proficient in English, is the world's leading producer of information services and exporter of computer software, and is also the motherland of many software engineers in the 2 1 century.