Why India is a developing country?

Indiais developing country. Indian economy is the mixed economy in the world. The Major feature of developing economy are low per capita income, overpopulation, maximum population on below poverty line, poor infrastructure, agro based economy and lower rate of capital formation. India is one of the fastest developing country in the world, even after more than 70 year of independence, India is still liable as a developing country.Tje speed of development in our country is less and low campared to other country.

There are many reasons why India is still considered to be a developing country even after so much development and progress. Firstly, India has a very high population density, along with a high infant mortality rate as well. In addition, India also has a comparatively lower life expectancy rate in comparison to the other developed countries. Also, India also has a lot of illiterate and poor population. With people being illiterate and poor, they are also unemployed. On a bigger scale, India's level of corruption is very high and is not as technologically advanced as some of the other developed nations like China, Japan, U.S.A and U.K. India's Prime Minister, Mr. Narendra Modi announced that he would like to reach the status of a developed nation by the year 2047. Currently, India's per capita income is about $6,067.00, which is considered to be one-third of an average developed country's per capita income of $18,000.00.

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