discuss any three features of developing economy
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(iii) Greater focus on economic growth rather than development. (iv) High standard of living. (v) Most of the population has access to basic healthcare and education. (vi) High quality of life parameter — including freedom, equal opportunities etc..
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1. Low per Capita Income: India’s per capita income is very less as compare to developed countries. As per the estimates of the Central Statistics Office (CSO), the per capita net national income of the country at current prices for the year 2015-16 is estimated to attain the level of Rs. 93231/-. The per capita net national income at constant prices (2011-12) for the year 2015-16 is estimated to attain the level of Rs. 77, 431/-. As per the CSO’s estimates, the per capital net national income at current prices is
2. Agriculture Based Economy: Agriculture and allied sectors provide around 14.2% of Indian GDP while 53% of total Indian population is based on the agriculture sector.
3. Over population: in every decade Indian population get increased by about 20% . During the 2001-11 population increased by 17.6%. Currently India is adding the total population of Australia every year. India is the possessor of around 17.5% population of the whole world.