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 restrict underdevelopment. Ans) The fol outseting are the features of the Indian miserliness as an underdevelop parsimony: 1. lowly Per Capita Income: Underdeveloped countries are characterised by the human race of low per capita income. The per capita income in India in 2000 was $460. bar a a couple of(prenominal) countries, the per capita income of the Indians is the lowest in the world. Even the digression in per capita income amidst India and the developed economies is very large. 2. Predominance of tillage: The occupational scattering 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 paradox of the Indian population problem is the existence of high bl ood rates coupled with low aim of death rates. 4. Low level of clement Development: humanity development is metric usually in terms of the Human Development ability (HDI) constructed by the United Nations Development computer program (UNDP). It considers longevity, intimacy 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 summation there is a problem of disguised unemployment in the farming(a) sector. Though there is no doubt that unemployment exis ts in a greater degree in the urban areas, t! he agrestic areas to make from the problem of unemployment and underemployment. 6. Scarcity of Capital: Among the basic features of the Indian scrimping is the existence of deficiency of capital. This deficiency of capital is reflected in ii ways first, the amount of capital per head useable is low; and second, the current rate of capital formation alike is low. in that location has been low gross domestic...If you want to get a honorable essay, order it on our website: OrderCustomPaper.com

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