write some important features of per capita income of india.
Answers
Answer:
Per capita income is national income divided by population size. Per capita income is often used to measure a sector's average income and compare the wealth of different populations. Per capita income is often used to measure a country's standard of living. It hides the difference between poor and rich.
It is counted same as average height
average income= total income of country /total population of country
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Answer:
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.
Excessive dependence of agriculture and primary producing: Indian economy is characterised by too much dependence on agriculture and thus it is primary producing.
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.
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.
Inequality in the distribution of wealth: Another important characteristic of the Indian economy is the mal-distribution of wealth,
Low level of technology: Prevalence of low level of technology is one of the important characteristics of an underdeveloped economy like India.