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The Indian economy is regarded as an underdeveloped economy due to several structural, social, and economic factors that limit its growth and development compared to developed nations. One of the primary reasons is the low per capita income. Despite being one of the largest economies in terms of overall GDP, the income per individual in India remains relatively low, reflecting widespread poverty and limited access to basic amenities for a large portion of the population. High population growth further dilutes per capita income, making ________ __________ _________ __________ ______ ________ _________.
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