Prime Minister Narendra Modi has vision of transforming India into a “Viksit Bharat” by 2047

A developed nation, also referred to as an advanced or high-income country, is a sovereign state with a high level of economic, social, and technological development.

What are ther Global Benchmarks for Developed Nations?

GDP per Capita: Over $12,000 (World Bank classification for high-income countries).

HDI Score: Above 0.800 (classified as very high human development).

Life Expectancy: Typically over 80 years.

Literacy Rate: Close to 100%.

By meeting these parameters, a country can be classified as a developed nation, characterized by high standards of living, stable governance, and sustainable growth.

When comparing India to developed countries, several key statistical indicators highlight the disparities in economic and social development:

1. Gross National Income (GNI) per Capita

•India: In 2021, India’s GNI per capita was just over $2,000, a significant increase from $440 two decades earlier. 

•Developed Countries: High-income nations typically have a GNI per capita exceeding $12,000. 

2. Human Development Index (HDI)

•India: Ranked 132nd out of 191 countries in the 2021/2022 HDI, indicating medium human development. 

•Developed Countries: Nations like Norway, Switzerland, and Ireland consistently rank at the top of the HDI, reflecting very high human development. 

3. Poverty Rate

•India: The proportion of the population living below the extreme poverty line reduced from 48.0% in 1993 to 12.9% in 2021. 

•Developed Countries: These nations have significantly lower poverty rates, often in the single digits.

4. Literacy Rate

•India: As per the 2011 census, the literacy rate was 74.04%.

•Developed Countries: Most have literacy rates approaching 100%.

5. Life Expectancy at Birth

•India: Life expectancy is approximately 70 years.

•Developed Countries: Life expectancy often exceeds 80 years.

6. Urbanization

•India: About 35% of the population resides in urban areas.

•Developed Countries: Urbanization rates typically exceed 75%.

7. Access to Electricity

•India: While significant progress has been made, some rural areas still lack reliable access to electricity.

•Developed Countries: Universal access to electricity is standard.

8. Internet Penetration

•India: Internet penetration is around 50%, with efforts ongoing to increase digital access.

•Developed Countries: Internet penetration rates are typically above 90%.

These underscore the developmental challenges India faces compared to developed nations. However, India’s rapid economic growth and policy initiatives aimed at improving infrastructure, education, and healthcare indicate a commitment to bridging these gaps to VIKSIT BHARAT by 2047.

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