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  • Economics of India

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    Vipin Mohan
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    The document provides an overview of the Indian economy. It describes the Indian economy as "underdeveloped" with low productivity, low savings, and low investment. It also notes the economy's excessive dependence on agriculture, with over 50% of the population engaged in farming but failing to feed 50% of the population, due to lack of infrastructure like banking facilities and transportation. The document states that the Indian economy is a mixed economy with aspects of both capitalism and socialism. It also describes the dualistic nature of the Indian economy, with subsistence and developed sectors coexisting.

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    simple chapter on the overview of Indian Economy.

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    The document provides an overview of the Indian economy. It describes the Indian economy as "underdeveloped" with low productivity, low savings, and low investment. It also notes the economy's excessive dependence on agriculture, with over 50% of the population engaged in farming but failing to feed 50% of the population, due to lack of infrastructure like banking facilities and transportation. The document states that the Indian economy is a mixed economy with aspects of both capitalism and socialism. It also describes the dualistic nature of the Indian economy, with subsistence and developed sectors coexisting.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views2 pages

    Economics of India

    Uploaded by

    Vipin Mohan
    The document provides an overview of the Indian economy. It describes the Indian economy as "underdeveloped" with low productivity, low savings, and low investment. It also notes the economy's excessive dependence on agriculture, with over 50% of the population engaged in farming but failing to feed 50% of the population, due to lack of infrastructure like banking facilities and transportation. The document states that the Indian economy is a mixed economy with aspects of both capitalism and socialism. It also describes the dualistic nature of the Indian economy, with subsistence and developed sectors coexisting.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Economics

    Indian Economy
    An Overview

    Indian Economy is an underdevelopment Economy

    Low Productivity Low Productivity Low Savings

    Low Investment

    gyanCube3

    Tel: 8979832957

    Excessive dependence on agriculture


    In 1810, 75% of American were dependent on agriculture with time, dependent person were reduced to 1% and only this one percent is capable for serving 99% of americans. But in contrast, in India where +50% population is engaged in agriculture fails to serve 50% of its population. Causes are many, some of are
    Lack of Banking facility Lack of transportation facility and lack of connectivity of remote area to roads. For example table below show the average length of road per 100sq.km

    Indian economy is mixed economy


    According to Keynes mixed economy is that economy one that have merit of both capitalism and socialism. It is a type of economy where private and public both take part.

    conditions at technological levels and social section

    Economic Dualism
    Subsistence where people work to earn their livelihood Highly developed, business units, modern enterprises, are rich enjoy good standard of living

    Industrial policy
    Reserved public sector were reduced to 3, need of license were become liberal except 5 sector which areliquor, tobacco, defense, industrial explosive, and hazardous chemicals. Dr. K.N.Rai although Indian economy is a mixed economy yet the ingredients of the mixture are making it conform more closely to capitalist economy than a social pattern increase in national income is an index of economic development Dualistic nature of Indian Economy: means presence of two different types of economic

    India Japan

    34 Km/100sq.km 270 Km/100sq.km

    Low grade human capital According to Prof. Schumpeter able and efficient entrepreneurs are essential prerequisite of economic development

    An Overview

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