Question

The concept and measure of development and underdevelopment in the economics of india

Answer 1

The term underdevelopment refers to that state of an economy where levels of living of masses are extremely low due to very low levels of per capita income resulting from low levels of productivity and high growth rates of population. Underdeveloped countries are now known as ‘developing countries’ signifying that such nations are capable of and are indeed making serious efforts to overcome their problems of poverty and low income.

Answer 2

The concept and measure of development and underdevelopment in the economics of India is the qualitative and quantitative evaluation of their per capita income and the standards of living of the economy.

Explanation:

• The economy is measured by  the economic changes in the economy and it's development. The development is in terms of "qualitative and quantitative" progress of the economy and growth of the country. It is the manner in which is the economy changes for better or for worse.
• The underdeveloped country entails low development and major of the population living below the poverty line.  The per capita income in these countries are very low and people do not have access to proper health care systems and other forms of amenities.  
• In a developed economy the per capita income is high and the economy is well developed and people have a high standard of living. In these countries there is a continuous rise in the income levels.

To know more about development of economy

Is Indian economy is developed economy? ​

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