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Question
Which of the following is a developing economy?
Which of the following is a developing economy?
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Solution
The correct option is A India
Countries that have a low income compared to developed countries are referred to as underdeveloped countries. 'Underdeveloped' denotes the backwardness and stagnation in growth. Also, underdeveloped countries may have high population growth. Since underdeveloped countries are capable of development and are making serious efforts to overcome their challenges, they are now called developing countries.
Countries that have a low income compared to developed countries are referred to as underdeveloped countries. 'Underdeveloped' denotes the backwardness and stagnation in growth. Also, underdeveloped countries may have high population growth. Since underdeveloped countries are capable of development and are making serious efforts to overcome their challenges, they are now called developing countries.
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