Answer to Question #263398 in Economics for Sam

Question

Do you agree with the view that international comparisons of India are as important as within India comparison? 

Answer 1

In terms of economic development, India is still a developing country that has not yet accelerated its modernization. India is a promising country in terms of its potential (part of the BRICS, SCO, G-20). But before reaching the world level, the Indians have to significantly increase production, do a lot of infrastructure work, raise the standard of living, and also raise the simplest level of literacy of the population. India is lagging behind in development not only from the United States and the EU, but also from China.