India is the market for the country? We havr every resource even which other countries dont have ? But still we dont have the industry to ellaborate it. and refine it! why?
Answers
Explanation:
Introduction
The Problem
A number of countries in this world are economically less developed. Traditionally, these countries are known as the “Third World” or the “Developing World”. This implies that life is hard for a large number of people. So the question arises why this is the case.
These countries are not only less economically developed, but they often also
poorer (see Wikipedia’s map on Poverty)
more corrupt (see Wikipedia’s map on Corruption by country)
less developed (see Wikipedia’s map on Human development index)
less democratic (see Wikipedia’s map on Democracy index)
less free (see Wikipedia’s map on Press Freedom Index)
less peaceful (see Wikipedia’s map on Global Peace Index)
with less life expectancy (see Wikipedia’s map on Life expectancy)
The present text aims to share some thoughts on poverty and its correlated factors.
Terminology and Scope
There is no clear definition of what a “poor country” is. The common understanding is that a country is poor if the majority of its people do not have a certain minimum living standard. Wikipedia lists a number of more quantitative criteria, ranging from low average income, or a low Gross National Income per capita, to a low Human-Development-Index [44]. This is not to say that material wealth would be the most important or the only factor to optimize. Yet, it constitutes a rough approximation for the well-being of the people. Poverty is usually also not distributed equally in the country: Certain ethnic, religious, or social groups might be particularly advantaged or disadvantaged. As Hans Rosling points out in an informative and entertaining talk about country statistics [130], the population in poor countries is usually affected very unequally by poverty.
The common assumption under any definition of “poor country” is that Japan, North America, Australia, New Zealand, Western Europe, and Israel are considered “not poor”. This essay will refer to these countries as “rich”. It will refer to Western Europe, North America, Australia and New Zealand as “the West”. African countries and South-Asian countries are usually considered “poor”. This text, in particular, is inspired by my trips to Senegal, Morocco, South America, and India. Therefore, it mainly focuses on these regions as “poor”. I do not know in how far my thoughts transfer to other countries. Also, not all countries are equally poor. Some developing countries have a higher GDP than developed countries. Furthermore, some countries are behind on some accounts, but way ahead on others. Cuba, e.g., has a lower child mortality rate than the US [130]. Therefore, this text will discuss potential reasons for poverty without claiming that they would apply equally to all poor countries.
There is considerable dispute about the right term for “poor countries”. The word “poor” has a very negative connotation. Furthermore, “poor countries” are not necessarily poor: They often have vast natural resources. On the other hand, terms such as “developing” or “industrializing” are very positive. They imply that the country would actually be moving out of poverty. Unfortunately, this is not always the case. I have therefore opted for the term “less economically developed country”, or “LED country” for short [44]. It implies that the country has a low income, and I think the term is neither euphemistic nor overly negative.
The Methodology
To make this very clear: I do not know why exactly LED countries are poor. I have no education in political, economic, or social sciences. And I do not have a solution for the problem of poverty. I just spent some time in LED countries and I would like to share my thoughts. I have been to Senegal, India, South America, and Morocco, for three months in total. I have been there for tourism, for traveling, and for work. I have talked to different people — to professors, to taxi drivers, to people on the street, to students, to tax inspectors, and to hotel staff. This yielded a potpourri of factors that could contribute to the problems of LED countries. This text is essentially a list of such factors. For every factor, I will give
Answer:
hi mate
it is estimated to become the most populous country in 2024. Needless to say, the Indian market represents an enormous business potential, not only due to its increasing middle class, but also from the 2/3 of the population who still resides in rural areas.
India India is a rich country with poor people if you just considered the land it is doing fine with well less than half of Australia areas it produces the more than its GDP and and if you compare GDP per square mile India is somewhat comparable to US
however it doesn't matter that how much GDP is but because of population it doesn't matter national income
may we have high national income but our per capita income is small thus it becomes big reason
if we come to the technology we can say that we are very low in that
for example we may have good cotton crop but we cannot make best of them because of our technology
while other foreign countries having good technology can make fine cotton clothes.......
thus technology is also a big problem