Indian Economy Essay,500+ Words Essay on the Indian Economy
WebThe Indian economy has been staging a sustained recovery since the second half of , although the second wave of the pandemic in April-June was more severe from WebIndian economy had experienced major policy changes since the s. The new economic reform, popularly known as, Liberalization, Privatization, and Globalization WebIndian economy can be broadly divided into two heads: (i) Public Sector: It consists of all the economic organizations which are controlled and managed by the government. All Webaccording accumulation agricultural American basic become British called capital capitalist carried cent Central centres century classes cloth colonial continued cost cotton deficit ... read more
Corruption not only maligns the image of a country but is also detrimental to its own citizens. You would often have heard the words :. Relation politics mars the opportunities deserved by many worthy individuals. The rapidly escalating per capita income, property and food costs have stalled even the basic tasks of everyday routine. This indicated that inflation is not actually due to excess demand, but due to cost pushing factors like impediments in the supply chain of agricultural commodities. This hits especially the poor adversely, who are the most vulnerable to price rise. One of the reasons behind inflation is the hoarding of essential commodities and then selling them at sky high prices when demand surges.
The rise in the prices would cause RBI to increase interest rates. Thus, those in debts, would face difficulty in paying back loans. This restricts investment in public services like education and health. India has large reserves of foreign currency, but there has been running a current account deficit. Also, imports are growing faster than exports. The wide chasm caused a giant fall in the value of rupee between and The disparity between rich and poor sections is increasing by the day. Economic growth has failed to benefit the poor.
Recently, callous remarks were made about the poverty index. The period has seen a slowdown in economic growth. Unemployment rates have to be brought down. India is behind China, which has comparatively a better developing economy. children "a". css "display","block" ,l. css "display","none" ,l. removeClass d[10] : s[0]. addClass d[10] ,l. addClass d[8] ,"y"! add c[1]. add s[1]. removeClass d[11] : s[1]. addClass d[11] ,l. addClass d[9] ,n. overflowed[0] n. removeClass d[5] :o. top,e frameElement. top,e t. left]:[0,0];switch o {case"pointerdown":case"MSPointerDown":case"pointermove":case"MSPointerMove":case"pointerup":case"MSPointerUp":return a? touches[0] t.
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It is one of the most exciting and emerging markets in the world. Since , India has grown as a planned economy. The first few plans focused on growth with the strengthening of the manufacturing sector, emphasising heavy industries to form the backbone of the economy. Other principal areas of planning were agriculture and social development. It gave India an opportunity to shake off the shackles of its past and emerge on the world stage as a progressive nation. This essay on the Indian Economy will help students know about the Indian economy in detail. Students can go through the list of CBSE Essays on different topics. It will help them to improve their writing skills and also increase their scores on the English exam.
Moreover, they can participate in different essay writing competitions which are conducted at the school level. India is on the high road to economic growth. Since , the world economy has declined due to the COVID pandemic. Repeated waves of infection, supply-chain disruptions and inflation have created challenging times. Faced with these challenges, the Government of India has taken immediate action so that it has the least impact on the Indian economy. The Indian economy has been staging a sustained recovery since the second half of , although the second wave of the pandemic in April-June was more severe from a health perspective.
The national lockdown has affected small businesses, common people and everyone in India. Due to this, the Indian economy has gone down. But now, it is slowly rising up and taking its form. Agriculture is one of the most important sectors of the Indian economy. It supplies food and raw materials in the country. However, with the development of industries and the service sector, the percentage of the population depending on agriculture, as well as the share of agriculture in the national product, has come down. Agriculture is the source of food supply. Agriculture is also a major source of foreign exchange earnings through export. The major items of export include tea, sugar, tobacco, spices, cotton, rice, fruits and vegetables etc. Industry is the secondary sector of the economy and is another important area of economic activity.
Initially, the public sector contributed the maximum to economic growth. In the early s, it was found that the public sector undertakings were not performing up to expectations. So, in , the Indian Government decided to encourage the role of the private sector in industrial development. This step was taken to strengthen the process of industrialisation in India. The progress of the Indian economy after independence was impressive indeed. India became self-sufficient in food production due to the green revolution, and industries became far more diversified. However, we still have to go a long way to become a 5 trillion economy by But, with government effort and the right policymakers, it can be achieved.
Students must have found this essay on Indian Economy useful for improving their essay writing skills. Your Mobile number and Email id will not be published. Request OTP on Voice Call. Post Comment. CBSE Essays Essay on Indian Economy. Leave a Comment Cancel reply Your Mobile number and Email id will not be published. Did not receive OTP? Register Now. Share Share Share Call Us. Grade Class 1 Class 2 Class 3 Class 4 Class 5 Class 6 Class 7 Class 8 Class 9 Class 10 Class 11 Class 12 IAS CAT Bank Exam GATE. Download Now. css "width",i. setWidth ,i. css "height",i. setHeight ,i. wrapInner ". css {width:Math. ceil i[0]. floor i[0]. prepend s[0]. append s[1]. next ". prepend s[2]. css "min-height" ,Math. height ,parseInt r[1]. css "min-width" ,Math. add r.
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Essay on Indian Economy | Indian Economy Essay for Students and Children in English,Top 10 Similar Topics
WebIndian economy had experienced major policy changes since the s. The new economic reform, popularly known as, Liberalization, Privatization, and Globalization Webaccording accumulation agricultural American basic become British called capital capitalist carried cent Central centres century classes cloth colonial continued cost cotton deficit WebThe Indian economy has been staging a sustained recovery since the second half of , although the second wave of the pandemic in April-June was more severe from WebIndian economy can be broadly divided into two heads: (i) Public Sector: It consists of all the economic organizations which are controlled and managed by the government. All ... read more
addClass d[8] ,"y"! scrollEasing ,! It has been estimated that if we continue to grow at this rate, we would likely become one of the top three economic powers in the world over the next decade or two. add r. Top 10 Similar Topics Brexit Competitive Advantage Fair Trade Nafta International Trade International Monetary Fund Comparative Advantage Trade World Economy Free Trade. bind "mousedown. Essays on Indian Economy Raj Kumar Discovery Publishing House , - India - pages 0 Reviews Reviews aren't verified, but Google checks for and removes fake content when it's identified Objective of the series of essays on Indian History and Culture is to select contributions which could interest, educate and inspire our readers.
The conclusion should summarize all your findings and leave a lasting impression essays on indian economy the mind of the reader. snapAmount instanceof Array? The agricultural activities also did not pay enough. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Leave a Comment Cancel reply Your Mobile number and Email id will not be published. But can be achieved once a balance is established among the various dynamic sectors of economy.
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