Is classification as ‘developed nation’ by US good news for India? – A fact-check

'On February 12, National General Secretary of the Bharatiya Janata Party (BJP) Ram Madhav tweeted in celebration – “US classifies India as developed nation” – drawing close to 13,000 likes... Had the ones who shared the Inshorts link bothered to open it, this is what they’d have read, “The US has classified India as a developed nation, eliminating the preferential treatment it received in countervailing duty investigations. This makes it easier for the US to penalise India if it harms US industries with unfairly subsidised exports.”...'