Unemployment
; Poverty; child marriage; Injustice; High population growth rate; illiteracy; Corruption; High Dependence on Agriculture; Economic inequality; Corruption; Lack of structural, institutional and technical change.
What is underdevelopment in Indian economy?
India, which for long has been defined as the underdeveloped country, now is called a developing economy. … India is a developing economy but it has features of an underdeveloped economy like
low per capita in come, low levels of living, Rapid growth of population, unemployment, poor quality of human capital etc
.
What makes India an underdeveloped developing economy?
Demographically speaking,
India has a high density of population with high infant mortality rates and comparatively lower life expectancy as compared to the developed countries
. This makes it an underdeveloped economy. Further, in India, the population density was 412 per square kilometer (in 2010).
What are the main features of underdevelopment economy?
Some of the common characteristics of the underdeveloped economy are like low per capita income, economic inequalities,
the slow growth rate of per capita, low-productivity labour and lower level of living
, rudimentary techniques of production, low rate of capital formation, lack of resource utilization and similar …
What are the main causes of underdevelopment?
Health Poor health and healthcare
is as much a cause of underdevelopment as underdevelopment is a cause of poor health. Lack of sanitation and clean water supply, poor education, inadequate nutrition, and insufficient income to buy even the most basic drugs mean that the risk of disease is greatly augmented.
What is the result of underdevelopment?
Chronic underdevelopment
condemns more than 1 billion people to lives of poverty, illness, and poor political and economic prospects
. Long-term goals of economic and human development are undermined by scarce, unreliable, or unaffordable supplies of vital resources such as food, water, and energy.
How can we overcome underdevelopment?
Overcoming underdevelopment requires
a developmental state that first fos- ters domestic markets with policies of import substitution
, and then a dual strategy of industrialisation coupled with exchange rate devaluation at the point of export potential.
Which is the main character of underdevelopment country?
Underdeveloped countries are facing
low
level of technology and acute shortage of skilled manpower's. Poor technology and lower skills are responsible for inefficient and insufficient production which leads to poverty of masses.
What are the main features of Indian Economy?
India, as a developing country, features a mixed economy in the world. The major characteristics of developing economy are
low per capita income, overpopulation, maximum population below the poverty line
, poor infrastructure, agro-based economy and a lower rate of capital formation.
What is meant by underdevelopment?
Meaning and Definition of Underdevelopment
Underdevelopment is
low level of development
characterized by low real per capita income, wide-spread poverty, lower level of literacy, low life expectancy and underutilisation of resources etc.
Is India really developing?
India's current economic growth (as the world's fastest-growing major economy as of 2015) has improved its standing on the world's political stage, even though it is still a developing country, but one that is showing strong development.
Why India is not developing fast?
India has
a massive population growth
, which is a big hurdle towards progress. India is also among those countries which are spending a lot upon defense which is a big cause of under development, due to two big atomic neighborhood, China and Pakistan. India still growing at 7 percentage.
Is India a developing country 2020?
India is
an emerging and developing country
(EDC) found in southern Asia. … In 2013 India was the seventh richest country in the world. Estimates suggest that it had grown to become the fifth largest economy in 2020 and is projected to be the third largest world economy after China and the USA by 2025.
What are 5 characteristics of a developing country?
- Low Per Capita Real Income. Low per capita real income is one of the most defining characteristics of developing economies. …
- High Population Growth Rate. …
- High Rates of Unemployment. …
- Dependence on Primary Sector. …
- Dependence on Exports of Primary Commodities.
What is called poverty?
Poverty is
the state of not having enough material possessions or income for a person's basic needs
. Poverty may include social, economic, and political elements. Absolute poverty measures compare income against the amount needed to meet basic personal needs, such as food, clothing, and shelter.
What are the characteristics of poor?
Meanwhile, the characteristics of poverty are: (1) most of them are living in rural areas; (2) their family size are bigger than the average; (3)
their main source of income is agricultural sector
; (4) lack of resources; (5) low quality of human resource; (6) low income; (7) most of income is used for basic needs; (8) …
