India is the third largest economy in the world. It is also the fastest growing economy in the world with a population of more than 1.3 billion. One third of this population lives under poverty. The multi-dimensional nature of poverty requires a comprehensive set of well-coordinated measures. Economic growth, promotion of human development and targeted programs of poverty alleviation are the three important measure that Government of India use to address poverty.
Our lives are dependent on industries because industries provide goods, employment and services which satisfy our wants. Increasing Demands by people Great changes are brought about by the industrial development in India. The increase of education and agricultural production has gone up which has given rise to luxurious living even in rural areas. The increase of mass media, TV, newspaper, etc has initiated the consumerism in India. With mass production of new goods and services there is high increase in consumerism and hence there is an increase in
Introduction ”India does not live in its towns but in its villages” - Mahatma Gandhi. Unfortunately, almost 70 years later, this statement stands, an axiom. With 67% of India's population in the rural areas, agriculture has been been a major driving force for India's economy as it employees 53% of India's working population. However, in the modern world, this is no longer sustainable as agriculture only accounts for 13.9% of the country’s GDP. Thus, with the highest rate of growth(7.9%) and its shift towards urban development, the country has been steaming away from the primary sector.
In India, in 2008, 58% of total working populace was engaged in agriculture and its contribution to national income was 17.5%. Indian economy is a unique blend of public and private sector. In its entire plan period, the government has invested 45% capital in public sector. The major resources of production are still in the hand of private sector after liberalization, Indian economy is going ahead as a capitalist
ABSTRACT: One of the major sectors of the Indian economy is Construction and also is an integral part of the development of Indian economy. There is an increase in the demand for housing in India as it has the second largest urban population in the world. This increase in demand has become a problem and to deal with this problem India should plan for rapid creation of housing units and acquisition of land. The complex process of construction basically involves the areas of Architectural planning, Engineering & Construction. For large housing projects, speed should be given greater importance.
Most of these jobs are working in factories, and as a result they are receiving money to support themselves and their families. In contrast, to China’s success, India has failed to imitate this, and have sent nearly one fourth of their population into extreme poverty. This is nearly 450 million people living without or barely any
THE IMPACT OF DEMONETIZATION ON THE COMMON MAN G.E.B Jeevitha M.Kavitha D.Sharmila I B.com –C K.C.S.Kasi Nadar College of Arts & Science ABSTRACT: The Indian Economy is a $2 trillion worth one and considered as a growth engine of Asia. It is one of the economies that grew more than 7% in recent years. The industry as well as the services sector has been growing in phenomenon way in recent years, especially in service sector India has achieved a rare destination of Global Software Exporter. Despite of these achievements, India has been marred by corruption, execution deficiencies, lack of efficiency leaders and inefficient political system. Due to these flaws, a group of Indians representing less than 2-3%
Indian markets are now increasingly shedding its monopolistic market and becoming more and more competitive in nature. For example: - a couple of years ago products like cars, refrigerators, ACs and PCs were the monopoly markets of select brands only. Now a variety of these products are available at competitive market. Disadvantages of Globalization to the Indian economy were:- 1 Neglect of agriculture: - Growth of GDP has primarily been triggered by the growth of secondary and tertiary sector. Agriculture sector has suffered a serious neglect and its growth rate has been reduced to 2-3% annum.