Indian Economy a developing economy
Objectives
Identify the main characteristics of the Indian Economy.
Learn why the Indian economy is typically a developing economy.
Points to Remember :-)
Indian economy is a developing economy.
It has low level of income.
It has the problem of unequal distribution of income.
There is large amount of unemployment in the Indian economy.
India has a large proportion of dependent population.
The participation of women is much less as compared to the participation of men in the work force.
The majority of India's workforce(about 60%) is engaged in agriculture.
The contribution of agriculture in national income is only about 30%.
There is low productivity in agricultural sector due to the lack of infrastructure and training of
human resources.
The large reserves of Inia's natural resources can't be utilised fully due to the lack of capital.
India's human resource hesitate in adopting new scientific techniques of production due to the lack
of training and skill.
Countries like USA and Japan are economically and socially developed because of good infrastructural
facilities in health, education, transport and power.
India has a high rate of growth of population.
The increase in population has been more than the increase in national income consequently the
per capita income has remained low.
India has large illiterate population.
Infant mortality rate in India is very high.
Indians are bound by traditions that inhibit modern scientific attitude towards work and life.
India is a developing country.
India possesses all the characteristics of a developing country.
The per capita income of the indians is very low. as a result, their standard of living is also
very low.
The indian economy is characterised by
(1) Predominant agriculture
(2) Shortage of capital and infrastructure facilities.
(3)Over population
(4)High rate of infant mortality.
(5) Large scale illiteracy.
A lot of development has taken place in all the sectors and segments of the Indian economy over the
past sixty years. but the rate of development has not been able to keep pace with the
growth of population
Is India a developed or a developing economy? State some characteristrics of the Indian economy?
Describe four main features of Indian economy as a developing economy
Identify the main characteristics of the Indian Economy.
Learn why the Indian economy is typically a developing economy.
Points to Remember :-)
Indian economy is a developing economy.
It has low level of income.
It has the problem of unequal distribution of income.
There is large amount of unemployment in the Indian economy.
India has a large proportion of dependent population.
The participation of women is much less as compared to the participation of men in the work force.
The majority of India's workforce(about 60%) is engaged in agriculture.
The contribution of agriculture in national income is only about 30%.
There is low productivity in agricultural sector due to the lack of infrastructure and training of
human resources.
The large reserves of Inia's natural resources can't be utilised fully due to the lack of capital.
India's human resource hesitate in adopting new scientific techniques of production due to the lack
of training and skill.
Countries like USA and Japan are economically and socially developed because of good infrastructural
facilities in health, education, transport and power.
India has a high rate of growth of population.
The increase in population has been more than the increase in national income consequently the
per capita income has remained low.
India has large illiterate population.
Infant mortality rate in India is very high.
Indians are bound by traditions that inhibit modern scientific attitude towards work and life.
India is a developing country.
India possesses all the characteristics of a developing country.
The per capita income of the indians is very low. as a result, their standard of living is also
very low.
The indian economy is characterised by
(1) Predominant agriculture
(2) Shortage of capital and infrastructure facilities.
(3)Over population
(4)High rate of infant mortality.
(5) Large scale illiteracy.
A lot of development has taken place in all the sectors and segments of the Indian economy over the
past sixty years. but the rate of development has not been able to keep pace with the
growth of population
Is India a developed or a developing economy? State some characteristrics of the Indian economy?
Describe four main features of Indian economy as a developing economy
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