Essay On Growth Of India

South Asia is one of the most densely populated regions of the world, where despite a slow growth, agriculture remains the backbone of rural economy as it employs one half to over 90 percent of the labor force. Both extensive and intensive policy measures for agriculture

     The country of India is in dire need of aid in the decreasing of their population. There are approximately 25 births for each 9 deaths. That is nearly a 1.58% increase in population. The billionth baby was born not to long ago and if this rate keeps up, the problems are only going to get

Economic growth is a necessary but not sufficient condition of economic development. There is no single definition that encompasses all the aspects of economic development. The most comprehensive definition perhaps of economic development is the one given by Todaro: ‘Development is not purely an economic phenomenon but rather a multi – dimensional process involving reorganization and re orientation of the entire economic and social system. Development is a process of improving the quality of all human lives with three equally important aspects. These are: 1.

Since many rural households derive income from some form of non-farm activity, increasing the profitability and range of such activities would improve their ways of living security and living conditions (Awoyemi, 2004). However, expansion of these opportunities related to the asset status and barriers to entry resulting from inadequate or differential access to markets (Ellis, 2000). It is obvious that rural economy is not based on agriculture but rather on a diverse means of activities and enterprises. Much recent thinking on this subject is based on the concept of livelihood diversification as a survival strategy of rural households in developing countries (Ellis, 1998). Farming remains important but rural people are looking for diverse opportunities to increase and stabilize their incomes.

2. Changing consumer demographics indicate vast potential for growth in consumption both qualitatively and quantitatively. India is one of the third countries having highest proportion (70%) of the population below 35 years of age (young population). The BRIC report of the Goldman-Sachs, which predicted a bright future for Brazil, Russia, India and China, mentioned Indian demographic advantage as an important positive factor for India.

INFRASTRUCTURE AND RURAL DEVELOPMENT IN MALAYSIA Introduction 1. Malaysia has achieved substantial success in its rural development, especially in reducing the incidence of poverty in both rural and urban. In the process, the rural areas have been developed with infrastructures, utility, social amenities, health and school facilities and etc to support the economic development of the country as well as increasing the quality of life of her populace. The productivity and incomes of the rural people, or more specifically the agriculture sector, the mainstay of the rural economy, have steadily increased. Rural development continues to be one of the main focus of the Malaysian Government under the 9 th Malaysia Plan (2006 – 1010).

The national planning commission (NPC) of South Africa acknowledges that rural areas in South Africa are in a poverty trap, which results from inadequate development within this area. The commission describes the rural South Africa as the areas in crisis with high rate of poverty and unemployment, depopulating towns and disintegrating institutions. To overcome this serious issues, the significance of rural development strategies has been stressed by the World Bank and other organizations. The developing of rural development (RD) strategies has been adopted and utilise by many countries across the world for decades now, with the aim of promoting growth and helping to solve the problems of poverty and unemployment in rural areas. The success of a rural development strategy that can bring about development and economic growth in rural economies, require a

Economic growth refers to the rate of increase in the total production of goods and services within an economy. Economic growth increases the productivity capacity of an economy, thereby allowing more wants to be satisfied. A growing economy increases employment opportunities, stimulates business enterprise and innovation. A sustained economic growth is fundamental to any nation wishing to raise its standard of living and provide a greater well being for all. Gross domestic product (GDP) is the monetary value of all final goods and services produced over a year. It is the total value of production within the economy. The total value of production is the total value of the final goods or services less the cost of

According to the Planning Commission report in 2012, the labor force in India is expected to swell by more than 30% during the next 20 years, compared to a decline of 4.0% in industrialized nations and by around 5.0% in China. The strong growth of the working age population is expected to provide significant and sustained impetus to economic growth.

It is expected that by 2021, India’s projected population of 1.3 billion will constitute 64.2% of people in between the age group of 15 and 59.

Development, socio-economic growth, urbanization, shifting age construction, and lifestyles have positioned India where it is dealing with a rising problem with

enhance farm productivity and the rural resource base. Some Social Factors ITC had to face

XXXVII NO.29 New Delhi,Oct.,20-26,2012,pp.1&56 presented MGNREGA Sameeksha as an anthology of independent research studies and analysis on the Mahatma Gandhi National Rural Employment Guarantee Act from 2006-2012 provides a platform for evaluation of a law desired to assist the most invisible people in India. Dre’ze Jean and Sidarth Lal, “Employment Guarantee”: NREGA, The Hindu, July 13, 2007 delineated about NREGS in Rajasthan have come to the conclusion that Rajasthan comes first in terms of employment generation per rural household under the National Rural Employment Guarantee Act (NREGA). The share of women in NREGA employment is around two thirds in Rajasthan, and that of Scheduled Caste and Scheduled Tribe households is as high as 80 percent. The inspection team visited three blocks of Jhalawar district (Bakani, Dag and Sunel), verified job cards and muster rolls in half a dozen villages, and had detailed discussions with labourers, mates, sarpanchs, gram panchayat secretaries, engineers, Programme Officers and block development officers, among others. The Mahatma Gandhi National Rural Employment Guarantee Act 2005 Operational Guidelines, 2012, 4th Edition, Draft Submitted By Mihir Shah Committee to Ministry of Rural Development, Government of India , February 2012 presented the guidelines of MGNREGA that should be kept in mind by the officials. Centre for Science and Environment (CSE), An

Advocates of Agricultural-led development argue that investment in agriculture and the complementary growth in the creation of structures and foundations in various zones is vital for national economic advancement (Schultz, 1964; Timmer, 1995, 2002). These investigators observe that improvement in the cultivating division could be a stimulus for growth in national output by its effect on rural wages and acquirement of benefits for change into an industrialized economy ( Dowrick and Gemmell, 1991; Datt, and Ravallion, 1998; Thirtle, Lin, and Piesse, 2003). Earlier endeavors by different developing countries to industrialize their economy without earlier advancement of the farming part brought about bleak financial development rates and exceptionally skewed wage dispersion (Bhagwati and Srinivasan, 1975).

India is the seventh-largest country by area and the most populous democracy in the world. India’s first people were those of the Indus Valley Civilization, who prospered during the 2nd and 3rd millenia BC. Throughout the next few centuries, India was home to many groups: the Aryans, Mauryans, and finally the Mughal Dynasty. In the 16th century the British East India Trading Company started establishing ports in India and by the mid 18th century the British Crown controlled the country. The British maintained this role for close to 200 years. (CIA World Factbook). The Human Development Index is a way to measure a countries development using variables such as life expectency, average income, and years of schooling. India’s HDI is 0.624. India is ranked as the 131st country out of a total of 188 (Human Development Report). Although ending over 60 years ago, British colonization still impacts India in the way the country economically, politically, and culturally functions today.