What are the main causes of underdevelopment of India? Do you think that India is still an underdeveloped country?
Published: February 7, 2016
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 characterized with low per capita income when compared to many other countries of world like Japan and USA; Low standard of living; income inequality; excessive dependence of agriculture; lack of industrialization etc..So, India can be called an underdeveloped economy.
Model Questions Category: 060 - Economic Growth Development