Issues facing indian economy

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TITLE

MAJOR ISSUES FACING INDIAN

ECONOMY TODAY

PRIVATE

SECTOR

PUBLICSECTOR

MIXEDECONOM

Y

INTRODUCTION15TH AUGEST, 1947 Is a red letter day in the

history of india. India attained independence on this day. After the attainment of independence ,

india made progress in economic, social cultural , educational , technological , and

political fields and solved many problems. But many problems like poverty , unemployment

and inflation etc… are yet to be solved.Economy means a major framework in which all

the economics activites of a country are explained . Indian economy is a mixed economy

PROBLEMS RELATED TO INDIAN ECONOMY

Economic

causesGEO-

GRAPHICAL

CAUSES

Social causes

Personal causes

Political

causes

POVERTY

POVERTYPoverty is one the major problems of india

which has attracted the attention of economists , sociologist and educationists Sufficient food and other necessities of life . It is a condition of lower standard living.

It is estimated that in 2010-11, more than 24 cr of people are suffering from poverty

ECONOMIC CAUSES

Increasing population

Unemployment

Low productivity

Vicious circle of poverty

Exploitation of labor by the

landlord

Lack of utilisation of

natural resources

Unwise economic

policy of the govt.

Unproductive hoarding of

wealth

Unequal distribution

INCREASING POPULATION

UNEMPLOYMENT

LOW PRODUCTIVITY

Vicious circle of poverty

GEOGRAPHICAL CAUSES

Pest causes Lack of natural resources Unfavorable climate Natural calamities'

PEST CAUSES

UNFAVORABLE CLIMATE

NATURAL CLIMATE

UNFAVORABLE CLIMATE

SOCIAL CAUSES

Evil customs and traditions

Defective and costly

educational system

Mismanagment of household

Inadequate medical aid

causes

EVIL CUSTOMS AND TRADITIONS

DEFECTIVE AND COSTLY EDUCATION SYSTEM

PERSONAL CAUSES

Illiteracy

Idleness

Sickness and mental disease

Extravagence

Accident

ILLITERACY

SICKNESS

SICKNESS

POLITICAL CAUSES

War lads to heavy loss of property and manpower

Nature of state

WAR

NATIONAL POVERTY ALLEVIATION PROGRAMMERS

Twenty – point programme

State poverty alleviation programme

Major poverty alleviation programmes

UNEMPLOYMENTWhen a person doesn’t get job , is called

unemployment

Seasonal unemployment

Structural unemployment

Indirect unemployment

CAUSES OF UNEMPLOYMENT

POPULATION EXPLOSION

DEFECTIVE SYSTEM OF EDUCATION

DEVELOPMENT INDUSTRIES AT A SLOW SPEED

INADEQUATE AVAILABILITY OF LAND AND CAPITAL

INADEQUATE ECONOMIC DEVELOPMENT

INFLATION Inflation becomes the causes of poverty and

unemployment. Inflation is due to continuous in price level in the country

Causes of inflation

Less production

Increases in

wages

Increases in

taxes

Population explosion

CONCLUSIONHence, poverty,

unemployment and inflation are the three

major issues facing Indian economy. The main cause

of all these issues are population explosion. In order to remove these

problems we have to take care of educated society .