Main weakness of indian economy. Problems Facing Indian Economy 2019-01-12

Main weakness of indian economy Rating: 8,6/10 143 reviews

United States

main weakness of indian economy

On the other hand, compared to its death rate, the birth rate of our population has gradually declined from 49 per thousand during 1911-20 to 21. Archived from on 21 October 2012. The industry reported a growth rate of around 10% from 1996—97 to 2000—01. That's why villagers are more in the army they think whole country and one day they lost their life for the country but in cities persons are afraid to death. To achieve a higher rate of economic growth and to improve the standard of living, a still higher rate of capital formation is very much required in India.

Next

Swot Analysis of Indian Agriculture Essay

main weakness of indian economy

Post-liberalisation, the Indian private sector was faced with increasing domestic and foreign competition, including the threat of cheaper Chinese imports. This coincided with major changes in the world economy — industrialisation, and significant growth in production and trade. The political stability and uniform revenue policy resulting from a centralised administration under the Mughals, coupled with a well-developed internal trade network, ensured that India—before the arrival of the British—was to a large extent economically unified, despite having a traditional agrarian economy characterised by a predominance of , with 64% of the in the including agriculture , but with 36% of the workforce also in the and , higher than in Europe, where 65—90% of its workforce were in agriculture in 1700 and 65—75% were in agriculture in 1750. The most important source of tax revenue is the personal accounting for roughly half of federal revenue. However, at the end of colonial rule, India inherited an economy that was one of the poorest in the developing world, with industrial development stalled, agriculture unable to feed a rapidly growing population, a largely illiterate and unskilled labour force, and extremely inadequate infrastructure.

Next

Strengths of Indian Economy

main weakness of indian economy

India is the largest producer of milk, jute and , and has the world's second-largest cattle population with 170 million animals in 2011. About the Author Rajat Sharma is a well known stock market analyst and commentator. Our countries 60% of the population is totally dependent on farming. By 2016, India saw a reduction in corruption and its ranking improved to 79th place. Table 1 shows that the share of the aged population increased 6. The proportion of income and assets owned by top 10% of Indians goes on increasing.

Next

Swot Analysis of Indian Agriculture Essay

main weakness of indian economy

Finally, it is advisable to ensure proper infrastructures are done to the farmers. Rate this: +46 -10 Malatesh Daddikoppa said: Sep 18, 2017 Hi everyone. Moreover, the low calorie intake in Indian diet is another characteristic of low level of living. So villages are strength to India. Economic issues Corruption Main articles: and Corruption has been a pervasive problem in India. Rural India maintains India's ecology. Manufactured goods and from the Mughal Empire were sold throughout the world.

Next

Indian villages

main weakness of indian economy

It could also be a threat to the balance of power in that region. Lack of infrastructure: Lack of infrastructural facilities is one of the serious problems from which the Indian economy has been suffering till today. How a country may achieve a self-sustaining transition from traditional to industrial economies has been addressed by many contributions to development theory. India's dwindling uranium reserves stagnated the growth of nuclear energy in the country for many years. Another major factor of the village is unity among people they always ready to help others.

Next

Economy of Karnataka

main weakness of indian economy

But considering the heavy population pressure and the need for self sustained growth, the present rate of saving is inadequate and thus the enhancement of the rate of capital formation is badly needed. According to my opinion villages are our weakness. However, the former was devastated by the and then in the mid-18th century. Lack of good schools and hospitals in villages are the reason for not having awareness on anything. The position of India is miserable. Villagers are real identity of India where we get actual scenario of India.

Next

19 charts that explain India’s economic challenge

main weakness of indian economy

Growth in the Indian economy was quite low in the first 30 years of planning after Independence — from 1950 to 1980. By 2008, India had established itself as one of the world's faster-growing economies. The average size of land holdings is very small, with 70% of holdings being less than one hectare 2. Leaders of the and have blamed colonial rule for the dismal state of India's economy in its aftermath and argued that financial strength required for industrial development in Britain was derived from the wealth taken from India. Between East and West: The Moluccas and the Traffic in Spices Up to the Arrival of Europeans.


Next

World Bank chief economist on future of India's economy

main weakness of indian economy

Venkateswara Rao 13 August 2010. He further adds that promoting agriculture and rural economy is crucial to pro-poor growth, particularly in the early stages, given the potential for small-holder farming to rapidly absorb unskilled labour. The other thing is the small manufacturing base. Oil and natural gas fields are located offshore at , and the , and onshore mainly in the states of , Gujarat and. This is also the case for clean drinking water. The gap is much smaller in Vietnam, Thailand, Indonesia and the Philippines and larger only in Laos.

Next

World Bank chief economist on future of India's economy

main weakness of indian economy

Ravallion and Datt 1996 found that because poverty in most developing countries is concentrated in rural areas, growth in the agricultural sector and in the rural economy has been highly beneficial to reduce rural poverty. The unemployment rate is very high because. Railways are yet to open up for private investment, but will offer tremendous opportunities as and when it gets restrictions are lifted. Low level of living: The standard of living of Indian people in general is considered as very low. It has attracted significant participation of foreign investors.

Next

United States

main weakness of indian economy

In rural India, poverty was higher 41. Archived from on 11 April 2006. The first five in the above list of banks were established in the districts of Dakshina Kannada and Udupi. What may be perceived as a strength in one situation may turn out to be otherwise in another. Since then, 22 other exchanges have traded in Indian cities.

Next