Economic Reforms Process in India

Bachelor of Business Administration-BBA Semester 6 BB0029: economic Reforms Process in India (Assignment) play 1 Q.1)What atomic number 18 the factors that characterize under reading. Ans) The following atomic number 18 the features of the Indian miserliness as an underdeveloped economy: 1. lower-ranking Per Capita Income: Underdeveloped countries are characterised by the globe 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 between India and the developed economies is rattling large. 2. Predominance of tillage: The occupational distribution of Indian race reveals that it is dominated by the primary election sector. A very in broad(prenominal) spirits proportion of workings earthly concern is engaged in agriculture. 3. tall Population instancy: The primary(prenominal) problem of the Indian population problem is the existence of high birth values united with low aim of dying rates. 4. Low level of gracious increase: humanity development is measured usually in terms of the Human Development Index (HDI) constructed by the unify Nations Development computer political program (UNDP). It considers longevity, knowledge and standard of living. India ranks cxv in terms of HDI. 5.

beingness of Unemployment and Underemployment: Our economy is characterised by the existence of large scale unemployment and underemployment. In addition on that point is a problem of disguised unemployment in the agricultural sector. Though there is no doubt that unemployment exists in a greater period in the urban areas, the rustic areas to suffer from the problem of unemployment and underemployment. 6. scarceness of Capital: Among the basic features of the Indian Economy is the existence of neediness of capital. This deficiency of capital is reflected in two ways first, the do of capital per head useable is low; and second, the current rate of capital formation besides is low. There has been low unwashed domestic...If you want to get a full essay, order it on our website: Ordercustompaper.com

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