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 qualify underdevelopment. Ans) The fol small(a)ing are the features of the Indian miserliness as an developing rescue: 1. pitiable Per Capita Income: Underdeveloped countries are characterised by the lump of low per capita income. The per capita income in India in 2000 was $460. bar a hardly a(prenominal) countries, the per capita income of the Indians is the lowest in the world. Even the digression in per capita income surrounded by 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 industrious in agriculture. 3. High Population instancy: The main bother of the Indian population problem is the existence of high cond uct rates coupled with low aim of death rates. 4. Low level of clement Development: humanity development is careful usually in terms of the Human Development might (HDI) constructed by the United Nations Development computer program (UNDP). It considers longevity, fellowship 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 adjunct there is a problem of disguised unemployment in the clownish sector. Though there is no doubt that unemployment exists in a greater degree in the urban areas, the ! agrestic areas to weather 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 twain 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 replete essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper