Question

What Are the Basic Issues of Economic Development in India?

Answer 1

The basic issues of economic development in India are as follows:

1. Low levels of national income
2. Low levels of per capita income
3. Widespread poverty
4. Predominantly agriculture dependent economy
5. Population explosion in India
6. High level of unemployment
7. Low rate of capital formation and low rate of saving

Also read:

• What is Macroeconomics?
• Emergence of Macroeconomics
• Open Economy Macroeconomics
• Difference Between Economic Growth and Economic Development

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