Describe the basic criterion used for comparing a developed country with an underdeveloped one

Asked by Jaydip | 31st May, 2017, 01:06: PM

Expert Answer:

The average or per capita income is the main criterion for comparing a developed country with an underdeveloped one. Countries with per capita income of Rs 4,53,000 per annum and above in 2004 are called high-income countries, and countries with per capita income of Rs 37,000 or less are called low-income countries. In 2004, India was considered a low-income country because its per capita income was just Rs 28,000. In 2006, the World Development Report to classify countries was based on the average income criterion.

Answered by Tharageswari S | 31st May, 2017, 03:02: PM

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