compare and contrast the change in India with the pattern that was observed from developed countries what kind of changes between sectors were desired but did not happen in India answer in hundred words
Answers
India, a land of diversity and interesting opportunities, remains high on the list of investment destinations by international investors and businesses. It is the world's largest democracy and boasts a vibrant economy in many areas including technology and the service sector. With a lot of positives—a large, educated English speaking population, stable government in the center, rising forex reserves, high-value capital markets—India seems to be on a firm growth path with the expectation of a double-digit growth rate.
However, regulatory inefficiencies, corruption, a slow growth rate over the last decade, bureaucratic red tape in starting and running businesses, political pressures, and heavy financial burdens due to subsidies, are some of the challenges facing India’s economy and business environment. While there is wealth in India, there is also still a large amount of poverty and inequality remains high.
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Answer:
In India, both the Secondary and Tertiary sectors are increasing at the expense of the Primary sector, but the increase in Tertiary sector is more. For India, to become a strong industrialised nation, the Secondary sector should have increased more, but this is not happening due to variety of reasons.