Finish Line & Beyond

DEVELOPMENT

Meaning of Development

Parameters of Development

Combination of Development Goals

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 Finish Line & Beyond

ECONOMIC DEVELOPMENT

Different persons can have different developmental goals and two, what may be
development for one may not be development for the other. It may even be
destructive for the other.

Different people have different developmental needs. These needs are based on their
particular life situations.

This creates a need for a development goal which can encompass different needs of
different people in a fair way.

Goals of Development:

Per Capita Income: The total income of a country divided by the population is
called the per capita income of that country.

Gross National Product: The total income generated in the country is called Gross
National Product.

Gross Domestic Product: The total income generated minus the income generated
by exports is called the Gross Domestic Product.

Infant Mortality Rate: The number of children who die before completing one year
out of 1000 births is called the infant mortality rate. The lesser figure is a better
indicator of development. This is an important parameter as it shows the quality and
extent of availability of healthcare in a country.

Male to Female Ratio: Number of female per thousand male is called sex ratio. A
lesser figure shows society’s aversion to a girl child and worse condition of women in
society.

Life expectancy: The maximum age up to which an adult lives is called the life
expectancy rate. This also shows the overall quality of life in a country.

Literacy Rate: The percentage of literate people is another important indicator of

development. Education is a big leveler as it opens newer opportunities for the
educated person. Especially in a country like India you can see many examples of a
brilliant student coming from a lower class family cracking the IITs. Once you are in
IIT then you get a bright and secure future for you and your family.

Infrastructure: Roads, railways, airports, ports and power generation are the
lifelines of a nation’s economy. A better infrastructure ensures a better economic
activity leading to overall prosperity.

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 Finish Line & Beyond

Combination of Goals Needed for Development: The above mentioned list is not
all inclusive but they are more important than other goals which are not mentioned
here.

Every goal or parameter of development is interrelated. Each goal influences the

other and creates an opportunity for development in a fair way.

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