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Indian Economy (Salient Features (Large Population (Traditional Society,…
Indian Economy
Salient Features
Slow Growth
Slow INVESTMENTS
Capital Intensive Structure
Low per Capita Income
Inequalities in INCOME distribution
Kanhaiyya Kumar
- " Aisa Kyu hota hai ki Ambani Ji ke Bete Paida hote hi mauj , masti me rehte hai aur humjaise log zindagi bhar 2 roti ke liye struggle krte hai . Iss Bat ko samajh lene ki zarurat hai - iss problem ke agar hum root me jaye to wo hai Inequalities in Income distribution"
Agrarian Society
Livelihood of 70 % Population
Contribution of 18.5% to GDP
Large Population
Traditional Society
Superstitions
slow urbanization
eliminations of famine
low death rate and etc
Low Rate of CAPITAL Formation
Low National Income
High Consumption Expenditure
Structural Changes
Growth in National Income
Expectation - 4 % pa (requirement)
Reality - Less Than 2 % in per capita
Reason - Population Explosion
Agricult-ural Progress
Increased
Aims (since 1966)
Raising Agricultural productivity
Intensive Agricultural Programme
HYV programme
Development of Infrastructure
Increase in Consumption of People
Progress
IN
Industry
Steel
Aluminium
Chemmicals
ETC
Engineering
Science and Tecnology
Successful
Health
In 1951 life expectancy - 32 Years
65 Years - life expectancy today
Education
Progressed and Expanded
Character-istics
Democratic-Socialism
Objectives-
Economic and Social Justice
Socio Economic Objectives
Set up in CONSTITUTION
National Income
Methods
Production
Quantity of each commodity produced ------estimated
Multiplied by market price
Monetary value found :check:
Income
Wages
Salaries
earnings
bonus
Eaning of self employed person
business enterprises
ETC
Expenditure
C+I+G+IF
Developments
Contribution ---- Secondary Sector ; Tertiary Increased
Regional Disparities
Above national Average
Punjab
Maharashtra
Haryana
Karnataka
Below spots
Andhra
West Bengal
Bihar :joy_cat:
Major Problems in Indian Economy
Poverty
Concept
Absolute Poverty :
In which the income, is meager ,and one has to live below subsistence level
In India
One fails to earn enough income -required ,to bear sufficient -means of subsistence.
Absolute Povery
In terms of calories
2400 - villagers and 2100 - city person
One who fails to obtain this minimum amount is below poverty line
Relative Poverty
UNO report states where per capita income is less than one US dollar per day are relative poor
Reason for low poverty - income distribution
India' s below 20 % income group gets 7 % national income
Read with one of the answer of this in aarti
Inequalities
Wealth Distribution
Top 10% population acquires 25 to 30% - national income
Below 20%-population ; 10% national income
Causes
private ownership
Jio - Data private ownership
social stratification-caste system
increasing -unemployment, underemployment
Inflation nd price rise
Demonetization and GST 😁
concentration of economic power
Crony Capitalist
Defects in tax policies
Inadequate development
Not adequately sustaining for entire Economy as a whole
Inequitable distribution
Low productivity
Thomas Frank (productivity)😂
Population
Low Agricultural Productivity
Primitive Methods
Small size holdings
Insufficient Irrigation's
Low income for Farmers
Oppressive Land System
Tenancy system
Landlords Exploit
Tenants unable to pay the rent
Unemployment
Also in this see
Disguised Employment
Population Growth (statistical)
2.4% world land area
17% world population
2-2.5% growth rate
Causes for population explosion
Low death rate
Medical facilities
control of epidemics
elimination of famines
:joy:
Pure drinking water etc
High Birth Rate
Superstitions
Joint Family Systems
Slow Urbanization
Agrarian Society
Low Literacy
Immigration
Bad Political Situation of neighbours
Creating Immigration
Disturbing the economic landscape further
Eg - Citizenship Amendment Bill , NRC
The info here needs to be extended to next branch
