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 stipulate underdevelopment. Ans) The fol meeking are the features of the Indian miserliness as an developing thriftiness: 1. rugged Per Capita Income: Underdeveloped countries are characterised by the ballock of low per capita income. The per capita income in India in 2000 was $460. bar a fewer countries, the per capita income of the Indians is the lowest in the world. Even the digression in per capita income betwixt India and the developed economies is very large. 2. Predominance of tillage: The occupational distribution of Indian population reveals that it is dominated by the primary sector. A very high proportion of workings population is industrious in agriculture. 3. High Population instancy: The main occupation of the Indian population problem is the existence of high expect rates cou pled with low aim of death rates. 4. Low level of clement Development: humanity development is measured usually in terms of the Human Development list (HDI) constructed by the United Nations Development computer program (UNDP). It considers longevity, cognition 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 do-gooder there is a problem of disguised unemployment in the country sector. Though there is no doubt that unemployment exists in a greater d egree in the urban areas, the agrestic area! s to carry from the problem of unemployment and underemployment. 6. Scarcity of Capital: Among the basic features of the Indian parsimoniousness is the existence of deficiency of capital. This deficiency of capital is reflected in 2 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 proficient essay, order it on our website: OrderCustomPaper.com

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