different parts of the world. In India, there is a great diversity which exists in the socio- economic and regional backwardness.
To attain development, the Government of India has formulated many development strategies without paying adequate attention to the developmental needs of the backward regions. In such a case, the development strategies naturally depend on the market forces to stimulate the developmental process to all part of the country through the trickle down process. But this strategy has not succeeded in many countries including India. Moreover the Indian planners over emphasised the role of big push strategy. But the impact studies showed that the big push strategy in India did not adequately develop the backward regions.
…show more content…
i. To maintain political stability
Political stability is very important for the successful achievement of anything in the country. Similarly, it is essential to maintain regional development because there is difference in the existence of income and wealth among the regions.
ii. To overcome social evils
Regional development is essential to overcome the social evils related to the localization of industries in developed areas alone, which results in overcrowding, noise and congestion. These adversely affect the health and efficiency of inhabitants. iii. To develop and conserve resources
Regional development helps to develop and conserve resources by way of establishment of various industries. This leads to the fuller utilisation and conservation of human, agriculture and mineral resources of the region. iv. To develop the economy smoothly
For the smooth functioning of the economy, there is a need for region development since, it minimizes the pressure of inflation within the economy.
v. To develop the economy
…show more content…
(ii) Difference in Resource Endowments:
In India a few states are rich in resources while some states have low level of resources and there are some other states which are moderately developed with different kinds of resources. This causes regional disparities of the country.
(iii) Disadvantages of Location:
Mainly advantages of location decide the structural growth of the industries in the economy. More number of states in the country faces the problem of advantage location. Similarly, the agriculture sector also suffers from natural calamities and other disturbances. The dependence on agriculture varies considerably across the states.
(iv) Historical and Social Causes:
Indian population has a mixture of culture, variety of languages and difference in resources. The difference in occupational structure, literacy level, health status and other socio-economic factors among the states leads to the
This is necessary as the vast majority of individuals migrating from rural to urban centers has been steadily increasing with the level of economic growth seen within the past twenty years as mentioned earlier. Unfortunately, this situation has further shown the structural issues and inequalities of cities, as most migrants end up having a poor quality of life living in informal settlements as highlight substantially by Boo. As a means of tackling this, however, the Indian government has turned its focus on investing rural regions, developing the agricultural sector. Specifically, Boo mentions that “the prime minister, Manmohan Singh, had come down from Delhi to express his concern for the farmers’ hardships, and the central government’s determination to relieve it” (p. 138). While this is definitely important funds are not being divided justly. For starters, between rural and urban areas almost all investments are being targeting towards rural regions, which is only addressing issues of inequality in one section of the country. Furthermore, across rural areas inequalities of investment are quite often overlooked. Although, “one of the governments hopes was to stop villagers from abandoning their farms and further inundating cities like Mumbai, but Asha’s relatives knew nothing of these celebrated relief programs” (p. 138). Therefore, even though
Development has come to be the focal point of attention by governing entities around the world. For a long time, the notion took on a strictly economic dimension as it referred to the ability of a national economy to generate and sustain a steady annual increase in its Gross National Product (GNP) between 5 and 7 %. Development also entailed a change of the configuration of the landscape of production, shifting from a predominantly agrarian economy to an industrialized one.
...rs and of local infrastructure. It also promotes the technological progress, environmental protection activities, and the financial sector reorganization. The development and restructuring of these fields are prerequisites for the increased traffic of local and international tourists.
Explore how a transition from an autonomous structure to a centralized structure affects regional performance.
Urbanization stimulates economic growth in many countries. However, it is possible that more expansion might leads to larger gap between rural and urban areas because the investment from the government and the private sector (i.e. establishment of many companies, development of infrastructure, transportation system, education, health and other amities) could potentially inadequate leaving others with poor public services and get struck in poverty and causing inequality.
Gender and race discrimination are major causes which have led to income inequality in these countries. India has caste system, which is s...
India is one of the countries that this report will cover. Power distance is rather high in India this is evident when observing the rather extreme levels of inequality amongst individuals. It is also apparent in the work place, managers expect their team members to be obedient. Employees also count on being clearly directed when it comes to their tasks and what is expected out of them. Top down communication is employed and negative feedback rarely moves up the ladder. In this society there is no need for justification of an individuals position in the social hierarchy. (Cultural tools, n.d.)
In order for any country to survive in comparison to another developed country they must be able to grow and sustain a healthy and flourishing economy. This paper is designed to give a detailed insight of economic growth and the sectors that influence economic growth. Economic growth in a country is essential to the reduction of poverty, without such reduction; poverty would continue to increase therefore economic growth is inevitable. Through economic growth, it is also an aid in the reduction of the unemployment rate and it also helps to reduce the budget deficit of the government. Economic growth can also encourage better living standards for all it is citizens because with economic growth there are improvements in the public sectors, educational and healthcare facilities. Through economic growth social spending can also be increased without an increase of taxes.
...an overabundance of information all applicable to the topic. My feeling was that such an overwhelming load of facts and systems directed me away from the most important facts of the chapter. Its imperative that the student understands the small scale relationship to economic development. Therefore my attempt was to highlight the main topics of the chapter and relate them to the reader to provoke intrest and thought towards many of these important life changing situations that occur everyday. If one can see past all the theories primarily and see the cause and effects behind them, they’re appreciation for the ideas stated in the theories.
The case for regional integration is both simple and irrefutable. First we are small and we need to achieve economies of scale. We need to achieve such economies in markets, production, the mobilisation of regional capital for regional use, university education, science and technology, sea and air transport to mention some areas.
Poverty has been a serious and a long-lasting issue in India. India is set to become a global economic power in decades to come. The hype of this booming economy causes great socio-economic concerns for this country and is being ignored by the government.
Economic growth is one of the most important fields in economics. In current generation economic is developing well. Economic growth is really important to country and for the world as well. Economic are one of the identity for country because it shows a country development and attraction for other countries (F, Peter. 2014). For example well economic develop such as Singapore, Dubai, New York, and Japan. These countries are well develop and maintaining their economic growths. Economic growths are really important because higher average incomes enables consumers to enjoy more goods and services. Then, lower unemployment with higher output and positive economic growth firms tend to utilize more workers creating more employment. Enhanced public
Natural resource abundance in endowed countries previously has been considered as positive factor for economic growth. Facing with several economic, politics and social
In a democratic country like India, bringing 600 million people living in rural India into the impact circumference of the growth policies and reducing differences in urban and rural India is the biggest concern. The challenge is to take the levels of growth to all sections of the society and to all parts of the country to make it growth for everyone. One of the best ways to attain inclusive growth is through developing people’s skills. While it is quite evident that inclusive growth is important for achieving the equity objective, what is, perhaps, not so obvious is, why inclusive growth is now receiving this importance to sustain the growth momentum. Majority population living in rural areas, it is often identified with the agriculture sector. However, it is the unorganized non-farm sector that is increasingly absorbing most of the labour force. This sector has huge potential for growth once there is required investment in infrastructure ensuring linkage to markets and easier access to assets and skills. Introduction of appropriate technology, skills, and easier access to credit, especially start-up capital, apart from facilitating market development, can make this segment an expanding base for self-sustaining employment and wealth generation and also foster a culture of creative and competitive industry. Entrepreneurial growth and development has to be encouraged and enhanced by having an enabling healthy competitive environment and easy availability of finance for newer projects and
Here in this paper we will try to explain and understand the relevance of the various underdevelopment theories and different attributes related to the terms of the Indian Context. Before proceeding directly to the underdevelopment theories, it would be important for us to discuss Karl Marx’s proposition.... ... middle of paper ... ...