The US has approached the World Trade Organisation to review the tag "developing country" on several countries including India and China.
India and other countries have responded through a letter to the WTO, by rejecting the review, saying that there are many factors like per capita income, human development indices and agriculture that need to be considered.
Watch Stanford Masters in conversation with Moneycontrol's Deputy Executive Editor Gaurav Choudhury to find out more about this.
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