Page-20 of GS-III: Economic Growth Development

What are the main causes of underdevelopment of India? Do you think that India is still an underdeveloped country?

Hint: Causes of Underdevelopment Unemployment; Poverty; child marriage; Injustice; High population growth rate; illiteracy; Corruption; High Dependence on Agriculture; Economic inequality; Corruption; Lack of structural, institutional and technical change. India though has made progress since Independence, but the country’s economy is still ..

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Higher growth rate of real national income of a country does not necessarily imply its development'. Explain.

Hint: Real National income is the total value a country’s final output of all new goods and services produced in one year. Development in economy is determined by well-being of individuals and quality of life for a community by creating and/or ..

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"Economic growth means more output … Development goes beyond this …".In the light of your answer, comment on the performance of the Indian economy since Independence.

Economic growth refers the long term increase in real national output or real national income. Growth can be measured by an increase in a country’s GDP (gross domestic product). Economic development is broader in nature. It not only includes the quantitative ..

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Distinguish between 'economic development' and 'economic growth'. What are the factors which determine economic development?

Differences between Economic Growth and Economic Development Economic growth is a narrow concept (It studies only increase in real per capita income) while economic development is a broad concept (it studies increase in real per capita income as well as ..

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Define economic development. Do you agree with the view that India has experienced growth but no economic development? Give reasons for your answer.

Economic development is a normative concept which takes into account both qualitative and quantitative aspects. Economic development is an increase in overall living standards and quality of life of the people. It is measured in terms of rise in real ..

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Do you agree with the view that growth is a necessary but not sufficient condition for development? Substantiate your answer.

Model Answer: Economic Growth is a narrower concept that relates to an increase in a country’s real level of national output which can be caused by an increase in the quality of resources such as, education level, increase in the quantity ..

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