of Indian Economy
stands secondin terms of size of population next to China and our country is
likely to overtake china in near future. Population growth rate of India is
very high and this is always a hurdle to growth rate. The population growth
rate in India is as high as 1.7 per 1000.The annual addition of population
equals the total population of Australia.
exists a huge economic disparity in the Indian economy. The proportion of
income and assets owned by top 10% of Indians goes on increasing. This has led
to an increase in the poverty level in the society and still a higher
percentage of individuals are living Below Poverty Line (BPL). As a result of
unequal distribution of the rich becomes richer and poor becomes poorer.
though there has been a constant growth in the GDP and growth opportunities in
the Indian economy, there have been steady increase in the prices of essential
goods. The continuous rise in prices erodes the purchasing power and adversely
affects the poor people, whose income is not protected.
though there has been a gradual improvement in the infrastructural development
in the past few decades, there is still a scarcity of the basic infrastructure
like power, transport, storage etc.
5. Inadequate Employment
growing youth population, there is a huge need of the employment opportunities.
The growth in production is not accompanied by creation of job. The Indian
economy is characterized by ‘jobless growth’.
of technology in agriculture and small scale industries is still outdated and