Japan is a developed nation while India is a ____ nation.

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Detailed Solution

Japan is a developed country, while India is a developing country.
Countries are compared based on their developmental facilities, infrastructure, education, health care system, etc. The World Bank calculates the per capita income of different countries in US dollars rather than their currency to facilitate comparison. Each country's per capita income is estimated in its currency and converted into dollars at the current exchange rate. They are considered developed countries with a per-capita income of US$ 12236 Per Annum or above. While poor or underdeveloped, or low-income countries have a per-capita income of US$ 1005 PA or less. The countries having per capita income within these two categories are developing countries.

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