Population And Economic Development In India Pdf
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The economy of India is characterised as a middle income developing market economy. The long-term growth perspective of the Indian economy remains positive due to its young population and corresponding low dependency ratio, healthy savings and investment rates, and is increasing globalisation in India and integration into the global economy. India has one of the world's highest number of billionaires and extreme income inequality.
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India is one of the most populous countries in the world with a population in excess of 1. India has followed a different path of development from many other countries. India went more quickly from agriculture to services that tend to be less tightly regulated than heavy industry. That said there are some emerging manufacturing giants in the Indian economy. Despite optimism for India's prospects for economic growth and development, there are a number of obstacles which may yet see growth and development falter. India is a good case study to use when discussing the problems that persist when a country cannot rely on adequate critical infrastructure such as roads, railways, power and basic sanitation. Poor infrastructure hurts the Indian economy in numerous ways:.
Main Effects of Population Explosion in India
Persons are means as well as ends of economic development. They are an asset if in adequate strength and prove to be a liability if excess in strength. So problem of population explosion in India has proved to be a big hindrance in the success of economic planning and development. Indian population is growing at a rate of 1. In order to achieve a given rate of increase in per capita income, larger investment is needed.
Shalini Singh. India towards a knowledge economy: Alternatives for the global demographic challenge and inclusive development in India. It presents the current picture of India in terms of the knowledge economy criteria provided by the World Bank. The paper mentions the challenges that India is facing in its transition to a knowledge economy and outlines the opportunities and scope that international players have in the Indian market. International players can provide an inclusive model of sustainable development in India in return fora big market and huge pool of resources.
Economy of India
After more fundamental reforms since and their renewal in the s, India has progressed towards a free market economy. In the late s, India's growth reached 7. The average annual growth rates —12 for Gujarat On per capita basis, it ranks th in the world or th by PPP. The economic growth has been driven by the expansion of the services that have been growing consistently faster than other sectors.
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