Discover what defines a newly industrialized country—economies transitioning from agriculture to industry, with notable GDP growth yet shy of being fully developed.
Opinion

Development Paradigms ~I

India is aiming to become a developed nation, or Viksit Bharat, by 2047, a hundred years after independence.
After World War II, the global system began classifying countries into “developed” and “developing.” These labels are based on income levels, infrastructure, and access to services like healthcare and ...
WASHINGTON, December 3, 2025—Developing countries paid out $741 billion more in principal and interest on their external debt than they received in new financing between 2022 and 2024—the largest gap ...