Which country among India's neighbours has the highest per capita income ?a)Bhutanb)Sri Lankac)Nepald)BangladeshCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

Sri Lanka har chiz mein accha hai . Unki GDP bahut jyada hai aur population kam bhi hai

Answer

Sri Lanka is far more developed than India and is the most developed nation in South Asia.

Sri Lanka: Life Expectancy is 77. 9 years for both genders (10% higher than the world average). India: 68 years [women 69.6, men 67.3]

Answer

Per Capita Income among India's Neighbours
India has several neighbouring countries, each with its own unique economic characteristics. When it comes to per capita income, Sri Lanka stands out as having the highest among India's neighbours.

Reasons for Sri Lanka's High Per Capita Income
- Economic Stability: Sri Lanka has a relatively stable economy compared to some of its neighbours. This stability has allowed for consistent growth and development.
- Diversified Economy: Sri Lanka has a diversified economy with a strong focus on sectors such as tourism, textiles, and agriculture. This diversification has helped boost per capita income.
- Investment in Education: Sri Lanka has made significant investments in education, leading to a well-educated workforce that contributes to economic growth and higher incomes.
- Infrastructure Development: The country has invested in infrastructure development, including transportation and communication networks, which has further supported economic growth.
- Political Stability: Sri Lanka has enjoyed relative political stability, which has created a conducive environment for economic growth and development.

Comparison with Other Neighbours
- Bhutan: Bhutan, while known for its Gross National Happiness index, has a lower per capita income compared to Sri Lanka due to its smaller economy and reliance on agriculture.
- Nepal: Nepal faces challenges such as political instability and a heavy dependence on remittances, resulting in a lower per capita income than Sri Lanka.
- Bangladesh: Bangladesh has made significant progress in economic growth and poverty reduction, but its large population size affects per capita income levels.
In conclusion, Sri Lanka's high per capita income can be attributed to its stable economy, diversified sectors, investments in education, infrastructure development, and political stability. This makes it stand out among India's neighbours in terms of economic prosperity.

Answer

Sri Lanka is far more developed than India and is the most developed nation in South Asia.

Sri Lanka: Life Expectancy is 77. 9 years for both genders (10% higher than the world average). India: 68 years [women 69.6, men 67.3]

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