In backward economics like India, the rate of capital formation is also low. Strong and transparent legal and accounting system. In order to maintain and sustain the policy of the state, few leading set of rules were made.
They had no shelter and clothing. In India, the rate of growth of population has been gradually increasing from 1. Low per capita income 2.
They equally act as the operators of the economies at their own levels. India is maintaining a very high rate of growth of population since Moreover, the low calorie intake in Indian diet is another characteristic of low level of living.
India has a mixed economy Indian economy is a true example of complete mixed economy. In most of the developed countries like U.
India produces 4 fuels, 11 metallic, 52 non-metallic and 22 minor minerals. Indian economy is suffering from its poor quality of human capital.
One chamber legislature was designed according to the constitution. Comparing the growth rate of the economy in the last few decades there has been a gradual high-rise in the same.
Occupational distribution of population in India clearly reflects the backwardness of the economy. Feudalism was more prominent than other modes of production. In India the rate of saving as per cent of GDP has gradually increased from In India, unemployment is structural one, unlike in developed countries, which is of cyclical type.
In India the rate of saving as per cent of GDP has gradually increased from Inpower generation capacity was nearly MW; length of railway lines was 53, Kms. Mineral resources are not fully utilized. In order to convert national currency figures to the US dollars, the utilisation of official exchange rates does not allow to measure the relative domestic purchasing power of currencies.
Agricultural sector is thereby also called as the backbone of the Indian economy. This gives a higher impact on the Indian economy, both directly and indirectly.
They were unable to organize trade and commerce on modern lines. Currently India is adding the total population of Australia every year. Nearly 25 to 40 per cent of the population in India suffers from malnutrition.
The rate at which the infrastructure is growing needs proper infrastructure growth to support the growth process. But due to its various inherent problems like inaccessible region, primitive techniques, shortage of capital and small extent of the market such huge resources remained largely under-utilised.
Consumption of crude steel and energy are the two important indicators of low capital per head in the under-developed countries like India. Read more:Salient Features of Indian Economy, features of Indian economy, why Indian economy is called as the developing economy of the world, basic features of indian economy, salient features of indian economy ppt, salient features of indian economy essays.
INDIAN ECONOMY (Part 1) UGC NET Preparation (Economics Paper 2 & 3) Topics: Economic Growth vs. Economi Development, Salient Features of Indian Economy Presented By: Garima Singh Research Scholar (Economics).
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Dec 11, · The Salient Features of Indian Economy Posted by notesforcompetitiveexaminindia on December 11, December 11, Indian economy is predominantly an under developed economy.
Indian economy is termed as the developing economy of the world. Some features like low per capita income, higher population below poverty line, poor infrastructure, agriculture based economy and.
The salient features of new economic policy are liberlisation, privatisation and globalisation of the economy (LPG policy).
(1) Liberalisation: Simply speaking liberalisation means to free to economy from the controls imposed by the Govt.Salient features of indian economy