Analysis of Economic and Social Development of Indian Economy

Prof (Dr) S. K. Khatik ., Mr. Milind Patil .

Abstract


The purpose of this study is to get aware the readers about the common indicators for economic and social developments of Indian economy. To understand the economy in best way is to understand its components or sectors and its changing role of sectors in the economic development of the country. The paper reveals that the production in all the three sectors i.e. agriculture, industry and service sector has increased and find out the reasons which prove that service sector emerged as the largest producing sector in India. This is further analyzed by drawing attention of the readers to the other macroeconomic indicators like density, population growth, sex ratio, fertility indicators, human development indicator, literacy rate and poverty. In this study we find out that the sex ratio was unfavorable to females. The fertility indicators are analyzed by crude birth rate and total fertility rate these indicators shows the potentiality of population to get increase or decrease. The literacy rate of India has increased from 64.83% in 2001 to 74.04% in 2011 showing an increase of 9.21%.The poverty ratio declined continuously for both urban and rural areas. The study reveals that there has been a decline in the number of poor and their proportion.


Keywords


economic & social development, growth, population

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