Given that developing countries face vastly different challenges with vastly different capacities to respond, we must stop thinking of them as members of a single club.
Foreign Direct Investment will help some of India, but won't correct growing inequalities.
This graph highlights the urbanization seen in India since 1960. The large rural population reflects India’s traditional agrarian based industry. But from 1960 – 2010 we see the percentage of the total living in rural areas decrease from 82.1 per cent to 69.9 per cent.
This graph indicates the level of central government dept as a percentage of GDP. From 1996, where the debt was 46.26 per cent, we see the level peak in 2002 at 63.52 per cent. We then see a continuous decline on a yearly basis, until it reaches 53.05 per cent in 2009.
This graph reflects the annual percentage change to the price of products and services.