Economic Reforms Process in India

Bachelor of Business Administration-BBA Semester 6 BB0029: Economic Reforms Process in India (Assignment) exercise 1 Q.1)What atomic number 18 the factors that characterise underdevelopment. Ans) The fol execrableing are the features of the Indian miserliness as an underdeveloped miserliness: 1. upset Per Capita Income: Underdeveloped countries are characterised by the public of low per capita income. The per capita income in India in 2000 was $460. bar a few countries, the per capita income of the Indians is the lowest in the world. Even the digression in per capita income mingled with India and the developed economies is very large. 2. Predominance of tillage: The occupational dispersal of Indian population reveals that it is dominated by the primary sector. A very high proportion of workings population is sedulous in agriculture. 3. High Population instancy: The main task of the Indian population problem is the existence of high birthing rate s coupled with low aim of death rates. 4. Low level of clement Development: humanity development is deliberate usually in terms of the Human Development indication (HDI) constructed by the United Nations Development computer program (UNDP). It considers longevity, companionship and standard of living. India ranks 115 in terms of HDI. 5.

being of Unemployment and Underemployment: Our economy is characterised by the existence of large scale unemployment and underemployment. In entree there is a problem of disguised unemployment in the unsophisticated sector. Though there is no doubt that unemploymen t exists in a greater degree in the urban ar! eas, the agrestic areas to domiciliate from the problem of unemployment and underemployment. 6. Scarcity of Capital: Among the basic features of the Indian prudence is the existence of deficiency of capital. This deficiency of capital is reflected in deuce ways first, the amount of capital per head useable is low; and second, the current rate of capital formation alike is low. at that place has been low gross domestic...If you want to get a expert essay, order it on our website: OrderCustomPaper.com

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