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"Developed" vs "Developing" are vague moving standards in development economics. The US and other western nations have developed considerable more since these terms came into use. It seems like they basically just mean a western standard of living vs significantly less than that.
With how the terms are used, India is probably very far from becoming a developed nation. However, India could certainly reach the level of prosperity enjoyed by western nations at the time they were first considered "developed".
Additionally, I expect to see particular cities reach a "developed" level at some point. Most likely that will be major ports of trade.
I agree. How much do you think it will take India to reach the level of prosperity western Nations enjoy currently?
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For India as a whole, I'd say several generations.
However, somewhere like Goa will get there much faster. A quick search turned up that Goa needs to roughly 4x it's prosperity to reach the low end of a modern western nation.
At 12% growth (not sure how feasible that is, but it doesn't seem insane), GDP doubles every 6 years and 4x is two doublings, so in 12 years Goa might be a recognizably modern economy.
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