What are the major issues of development in India?
The primary economic issues in India are:
- Low per capita income.
- Huge dependence of population on agriculture.
- Heavy population pressure.
- The existence of chronic unemployment and under-employment.
- Slow improvement in Rate of Capital Formation.
- Inequality in wealth distribution.
- Poor Quality of Human Capital.
What are the important hindrance to India in the path of development?
The obstacles are: 1. Poor Capital Formation 2. Political Factors 3. Lack of Infrastructural Facilities 4.
Is poverty a hindrance in development of India?
Poverty has a ripple effect – it leads poor health and nutrition, social insecurity, crime, and lack of jobs. It becomes a hindrance in the overall development of the country. India’s GDP has been growing by nearly 8% on an yearly basis.
What are the challenges of development?
The Challenges of Development Projects
- Poor project planning.
- Inadequate management skills.
- Lack of accountability.
- Lack of stakeholder involvement.
- Unrealistic plans.
- No measure to evaluate quality.
- Poor, inconsistent project management discipline.
- Duplication of efforts.
What are the challenges related to developing countries?
Corruption, poverty, war, hunger, healthcare, education, safety. These are only a few of the problems faced by people in developing countries. Many of these problems are caused by exclusion, fear, intimidation, broken infrastructure, and lack of money, resources, access to information, and tools.
What are the challenges before India in development?
In spite of all these achievements, several formidable challenges remain: exploding population, widespread poverty, illiteracy, squalor, ruptures and cleavages based on region, religion, language and gender-threatening the social fabric, urban congestion, wounded eco-systems and critical power and energy situation.
What is the biggest problem of India?
Pollution. Pollution and environmental issues are the other challenges that India is facing at present. Though India is working hard, there is a long way to go. Degradation of land, depleting natural resources, and loss of biodiversity are the main issues of concern due to pollution.
Does India have a good future?
The future of India is very bright and promising. There are a lot of good things happening. Talking about the Indian economy and the impact of a world that is increasingly looking inwards, Murthy said, “India’s future is going to be bright. We have now gotten used to four or five per cent growth rates.
How big is Indian economy now?
India’s real gross domestic product (GDP) at current prices stood at Rs. 195.86 lakh crore (US$ 2.71 trillion) in FY21, as per the second advance estimates (SAE) for 2020-21.
Which field will grow in future in India?
Future Booming Sectors in India
- Tourism Sector- The nation has never been short of tourists and foreigners because its history and culture have always attracted people from across the globe.
- Digital Innovation Sector-
- Information Technology (IT) Sector-
- Infrastructure Sector-
- Pharmaceuticals Sector-
Which industry is growing fast in India in 2021?
Health care Industry: And it has become one of the fastest-growing sectors of India. It will keep growing in the next ten years also. The health care industry consists of health care equipment, medical devices, health insurance, hospitals, medical tourism, etc.