In response to a query on X (formerly Twitter) about India’s development status, Amitabh Kant provided an explanation based on the criteria used to determine a country’s development level. He clarified that a developing country is one where the Gross National Income per capita is $11,905 or less, which includes countries such as China, Brazil, and Malaysia.
India’s G20 Sherpa and former NITI Aayog CEO, Amitabh Kant, provided an explanation on the criteria used to determine a country’s development status. He clarified that a developing country is one where the Gross National Income per capita is $11,905 or less, which includes countries such as China, Brazil, and Malaysia.
This clarification was made in response to a question on X (formerly Twitter), where he was asked about India’s status as a developing nation despite being among the top five economies globally. Kant’s explanation highlights the technical definition used to classify countries as developing or developed, based on their economic indicators.
It is important to note that India’s economic growth and development have been significant, and it is expected to become the third-largest economy by 2027, surpassing Japan and Germany, as per projections by Jefferies. India’s stock market is also projected to grow substantially in the coming years. These positive economic indicators suggest India’s continued progress towards becoming a developed nation in the future.
