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The United States Trade Representatives (USTR) has updated its list of developing and least-developed countries, removing India from the list of countries that are designated as developing, what does this indicate for India? Discuss and elaborate on the pros and cons.

4. The United States Trade Representatives (USTR) has updated its list of developing and least-developed countries, removing India from the list of countries that are designated as developing, what does this indicate for India? Discuss and elaborate on the pros and cons.(250 words)

Reference: Indian Express

(USTR) has updated its list of developing and least-developed countries