this post was submitted on 04 Jul 2024
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[–] [email protected] 6 points 4 months ago (1 children)

Second largest economy in the world, “still a developing country”.

The people aren’t worse off because they’re not developed, they’re worse off because their government is even more corrupt.

[–] [email protected] 4 points 4 months ago* (last edited 4 months ago) (1 children)

Their economy is literally less developed. Country size has nothing to do with it; India is on track to surpass Japan's GDP but no one would dispute that it is much less developed than Japan or any other OECD country.

[–] [email protected] 6 points 4 months ago (1 children)

Their economy is super developed.

The citizens are not reaping the benefits of that development.

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

No, if it was just a matter of having a well developed economy whose fruits are distributed poorly, then their GDP per capita (literally economic output divided by people) would be high.

But it's not. It's among the middle-income countries, just below Malaysia. Which seems about right in terms of the quality of life of the average citizen.