Rapid growth of population coupled with inadequate growth of secondary and tertiary occupations are responsible for the occurrence of chronic unemployment and under-employment problem in our country.
To establish it as a zone free of salient features of indian economy essayshark In India, unemployment is structural one, unlike in developed countries, which is of cyclical type.
Thus from the foregoing analysis it has been revealed that the Indian economy largely remains underdeveloped as the economy still exhibits the basic features of an underdeveloped economy. The tenure of the chamber was fixed to 5 years but could be dismissed before time in certain cases.
Other than this, national counsil for society, Islamic research and education foundation and international counsil were designed. Governor was to be given charge but according to the directions of the centre.
In Pakistan, one forth ministers are always take from senate. On one side, some of the fundamental and heavy industrial units are being operated under the public sector. Graduates no longer queue up for safe government jobs. Whereas, due to the liberalization factors of the economy, the private sector has gained further enhancements in terms of scope.
Merge this question into Split and merge into it SAVE In Economics There have been fundamental and irreversible changes in the economy, government policies, outlook of business and industry, and in the mindset of the Indians in general. Rate of capital formation is low because of lower level of income.
Moreover, due to the absence of proper infrastructural facilities, development potential of different regions of the country largely remains under-utilised. Holding a constant GDP rate even in the downfall situations, it has kept its position intact making it a lucrative spot for the other economies to invest.
Although the per capita income at official exchange rates exaggerated this disparity but after making necessary correction through purchasing power parity figures, the per capita GNP of U.
At times the inflation grows high raising the prices of the commodities. Rapid growth of Urban areas Urbanization and planned development is a key ingredient towards the growth of any of the economy around the world.
This convertibility stood valid for following transaction: Would you like to merge this question into it? Stable democracy and institutions During the population increased by Besides, low level of living is also responsible for poor health condition of the general masses.
Number of industries reserved for public sector was reduces from 17 to 4. The Schedules 12 in number in A. In most of the countries of Asia, Middle East and Africa, from two-thirds to four- fifths of their total population are solely dependent on agriculture. With the growing advancements and globalization, the domestic consumption rate within the people of the country is already high, this adds a lot to the Indian economy.
Largest democracy with stable, mature, vibrant and exemplary democratic governance and institutions. India is maintaining a very high rate of growth of population since The following steps are taken for privatisation: Traditional Set Up of Society: These market imperfections create the fluctuations in the price of commodities every year.
The incidence of unemployment on CDS basis increased from 7. Keeping aside a very few countries, this per capita income figure of India is the lowest in the world and it is even lower than China and Pakistan.
This makes it a perfect amalgamation of both public and private sectors being operated and supported under a single economic cloud. It has two provinces i-e East and West Pakistan. Moreover, the low calorie intake in Indian diet is another characteristic of low level of living.
With the subsequently supporting infrastructure the economy has grown a lot, but will definitely need further growth support in the form of proper infrastructure.
The constant urbanization is a key to the growth of the Indian economy. The agricultural products being exported such as fruits, vegetables, spices, vegetable oils, tobacco, animal hair, etc. In India the rate of saving as per cent of GDP has gradually increased from Poor economic organisation is another important characteristic of the Indian economy.
Moreover, 51 per cent of the households owing less than Rs worth of assets possessed barely 8 per cent of the total assets.
Federal in Character Bearing a federal character in the economy upholds, in India both the centre and state are economy growth drivers.Dec 11, · The salient features of Indian Economy are given below-Low per capita income: Under developed economy is characterized by low per capital income.
India per capital income is very low as compared to the advanced countries. The salient features of Indian banking sector is that it comprisescommercial and private banks.
The commercial banks are made up ofscheduled and non-scheduled commercial banks. Categories. Salient Features Of Indian Economy Essays: OverSalient Features Of Indian Economy Essays, Salient Features Of Indian Economy Term Papers, Salient Features Of Indian Economy Research Paper, Book Reports.
ESSAYS, term and research papers available for UNLIMITED access. essay Retail sector: on an. FEATURES OF INDIAN ECONOMY India is a major exporter of highly-skilled workers in software and financial services, and software engineering.
Following sectors are. The Indian economy has emerged as a robust economic player among the economic giants like-US, UK, China, etc. Even though the rate of growth has been sustainable and comparatively stable, but there are still fair opportunities of growth.
“Salient Features of Indian Economy Promotion of Foreign Investment and Business” PART-II Paradigm shift There have been fundamental and irreversible changes in the economy, government policies, outlook of business and industry, and in the mindset of the Indians in general.Download