Question

Analyze critically the characteristics of developing economics with special reference to India.​

Answer 1

Answer:

Answer: The basic characteristics of India as a developing economy are:

Low per capita income.

Occupational pattern – primary producing.

Heavy population pressure.

Prevalence of chronic unemployment and under-employment.

Need for a steady improvement in the rate of capital formation.

Answer 2

Answer:

India is a developing economy and it follows all the characteristics that a developing economy follows .

Explanation:

characteristics of developing economy:

1. In developing economy , there is a problem of capital deficiency, in India , there is shortage of capital . India has to built its capital all over again.
2. there is a population problem in developing economy, India too facing the overpopulation problem
3. underdeveloped transport and communication system , usually the transport and communication system is not good, India too is trying to improve them.
4. Undeveloped industry , In India , the industrial sector is not much improved thats why India is dependent on agriculture.
5. The condition of women in developing countries is deplorable. India too is facing this problem.
6. In view of the need of their area and population in developing countries, the means of transport have not been adequately developed.
7.  the development of education in these countries has been slow and there has been a complete lack of technical education. India has to go long way in this field also.
8. Most of the developing countries have sufficient natural resources, but due to lack of capital and technical knowledge, ., they do not use their natural resources. have not been able to make proper use of it.
9. In many developing countries, social stereotypes and superstitions hold people in such a way that they are unable to adapt to new conditions, India too is in grasp of it.