what are characteristics of India?
Answers
1.
Low per capita income:
In India, the national income and per capita income is very low and it is considered as one of the basic features of underdevelopment
2.
Excessive dependence of agriculture and primary producing:
Indian economy is characterised by too much dependence on agriculture and thus it is primary producing
3.
High rate of population growth:
India is maintaining a very high rate of growth of population since 1950. Thus the pressure of population in our country is very heavy. This has resulted from a very high level of birth rates coupled with a falling level of death rates prevailing in our country.
4.
Existence of chronic unemployment and under-employment:
Rapid growth of population coupled with inadequate growth of secondary and tertiary occupations are responsible for the occurrence of chronic unemployment and under-employment problem in our country
5.
Poor rate of capital formation:Capital deficiency is one of the characteristic features of the Indian economy. Both the amount of capital available per head and the present rate of capital formation in India is very low. Consumption of crude steel and energy are the two important indicators of low capital per head in the under-developed countries like India.
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- The following points highlight the top thirteen characteristics of the Indian economy. ...
- Low per capita income: ...
- Excessive dependence of agriculture and primary producing: ...
- High rate of population growth: ...
- Existence of chronic unemployment and under-employment: ...
- Poor rate of capital formation