Indian Economy PDF

www.tntextbooks.in CH A PTE R 7 Indian Economy 1 2 7.1 Meaning of Growth and Development Indian Economy  www.tntextbooks.in 1) 2) 3) 4)...

www.tntextbooks.in CH A PTE R 7 Indian Economy 1 2 7.1 Meaning of Growth and Development Indian Economy  www.tntextbooks.in 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) 7.2 7.3 Features of Indian Economy 7.3.1 Strengths of Indian Economy 1. India has a mixed economy Indian Economy  www.tntextbooks.in 2. Agriculture plays the key role 5. Fast Growing Economy 6. Fast growing Service Sector 3. An emerging market FDI - Foreign direct investment FII - Foreign institutional investment 4. Emerging Economy 7. Large Domestic consumption Indian Economy  www.tntextbooks.in Faster economic growth rate - increase the domestic consumption - standard of living also increased 8. Rapid growth of Urban areas 7.3.2 Weakness of Indian Economy 1. Large Population 9. Stable macro economy 2. Inequality and poverty 10. Demographic dividend 3. Increasing Prices of Essential Goods Indian Economy  www.tntextbooks.in a. Size of Population Table 7.1 Population Growth 4. Weak Infrastructure 5. Inadequate Employment generation 6. Outdated technology 7.3.3 Demographic trends in India Indian Economy  www.tntextbooks.in c. Density of population b. Birth rate and death rate Table 7.3 Density of population Table 7.2 Birth rate and death rate Indian Economy  www.tntextbooks.in Table 7.5 Life Expectancy d. Sex ratio Table 7.4 Sex Ratio f. Literacy ratio Table 7.6 Literacy ratio e. Life expectancy at birth Indian Economy  www.tntextbooks.in Large holdings - lfarmers with above 10 hect marginal holdings - farmers having less than 1 KMGHMST hectares(5 acres) 7.4 7.4.2 Forest Resources 7.4.3 Important Mineral Resources a. Iron-Ore (a) (b) b. Coal and Lignite 7.4.1 Land Resources Indian Economy  www.tntextbooks.in c. Bauxite d. Mica 7.5 Infrastructure e. Crude Oil 7.6 Economic f. Gold Infrastructure g. Diamond 7.6.1 Transport Indian Economy  www.tntextbooks.in Road: total 7.6.2 Energy length of road 30 lakhs km, largest in asia and 4th largest in world Railways : total length rail route is 63000 km; 13000 km is electrified; Sea-borne 1. trade : 90% 2. handle by ports like calcutta, 1. mumbai, goa, chennai, vishakapatnam Airport : handle by Air India 2. 1. 2. 3. 4. 5. Indian Economy  www.tntextbooks.in 7.7 Social Infrastructure c. Education Institutions in India: 7.7.1 Education a. Education in India 7.7.2 Health a. Health in India b. Education system in India Indian Economy  www.tntextbooks.in a. Factors of Production b. Health Care Services in India: b. Agriculture 7.8 Contributions of Indian Economic Thinkers 7.8.1 Thiruvalluvar c. Public Finance d. Public Expenditure Indian Economy  www.tntextbooks.in 7.8.2 Mahatma Gandhi e. External Assistance f. Poverty and Begging Salient Features of Gandhian Economic Thought 1. 2. g. Wealth 3. curse - sabam 4. h. Welfare State Important 5. Indian Economy  www.tntextbooks.in 7.8.3 Jawaharlal Nehru 6. 7. a. Democracy and Secularism 8. 9. b. Planning 10. Indian Economy  www.tntextbooks.in Socialism - political idea that is c. Democratic Socialism 1. based on the belief that all people are equal & that money and property should be 7.8.4 B. R. Ambedkar equally divided 2. 3. Indian Economy  www.tntextbooks.in 4. 7.8.5 J. C. Kumarappa Gandhian Economics 7.8.6 V.K.R.V. Rao Indian Economy  www.tntextbooks.in 3. i. ii. iii. 4. 1. i. ii. iii. iv. v. 5. 2. Indian Economy  www.tntextbooks.in 6. 2. 3. 7. 4. 7.8.7 Amartya Kumar Sen 5. 1. Indian Economy  www.tntextbooks.in 7.9 Conclusion Glossary Indian Economy