Скачать с ютуб Socio - Economic challenges and its development in India || India's economic growth issues | poverty в хорошем качестве

Socio - Economic challenges and its development in India || India's economic growth issues | poverty

After India got independence, there was an impact on the Indian economy. The agriculture sector had surplus labor but less productivity. On the other hand, the industry sector was looking out for modern technologies, investments, and capacity building. Infrastructure also needed expansion, up gradation, and public orientation. Economic Issues in India Population growth: It is the current economic issue in India as it is the second-most populated nation in the world, after China. India’s birth rate is very high as compared to the death rate. Many times, the government has to take care of the basic requirements of clothing, food, medicine, shelter, and schooling, etc. These circumstances increase the economic burden of the nation. The rapid growth of unemployment: The large amount of unemployed population also adds to India’s economic issues. Rate of capital formation: Due to the high population, India always had a scarcity of capital. In recent years, there has been a moderate but constant development in capital formation. Inequality in wealth distribution: There is a huge disparity between the rich and the poor, which is one of the major economic issues in India. Economic challenges from the time of independence are: -The increasing dependence of a large proportion of the population on agriculture -The use of traditional methods of cultivation, which results in low productivity and stagnation in the agricultural sector -Destruction of world-famous Indian handicrafts -Low level of development in the industrial sector -A massive level of unemployment and underemployment -Lack of medical facilities, leading to high infant mortality rate, low life expectancy, and low literacy rate -Widespread mass poverty because of natural calamities (famines, epidemics, etc.) and other socio-economic factors India is mainly an agricultural economy. Agricultural activities contribute about 50% of the economy. Agriculture involves growing and selling of crops, poultry, fishing, cattle rearing, and animal husbandry. People in India earn their livelihood by involving themselves in many of these activities. These activities are vital to our economy. The Indian economy has seen major growth in the last few decades. The credit for this boom largely goes to the service sector. Agriculture and associated activities have also been improvised to match the global standards and the export of various food products has seen an upward trend thereby adding to the economic growth. The industrial sector does not lag behind a bit. A number of new large scale, as well as small scale industries, have been set up in recent times and these have also proved to have a positive impact on the Indian economy. The Indian economy undergoes several positive changes since independence. It is growing at a good pace. However, the rural regions of our country are still under-developed. The government must make efforts to improve the economic condition of these areas. #SocioEconomicchallengesanditsdevelopmentinIndia #India'seconomicgrowthissues #poverty