Relation politics mars the opportunities deserved by many worthy individuals, essay on indian economy. Farmers were forced to grow cash crops that were used in trade, rather than producing food crops. However, the colonial rule is responsible for giving the country railways, a legal system and a single currency exchange rate. A significant chunk, including women, especially those that live in rural areas are illiterate and essay on indian economy low educational standards. The rate of unemployment has increased, and so has the population between the age bracket of years. But can be achieved once a balance is established among the various dynamic sectors of economy.
Long and Short Essays on Indian Economy for Kids and Students in English
The government has created fair policies with wage revisions and labourers rights to boost economic growth. The service sectors, essay on indian economy, manufacturing units, iron and steel companies, chemical and textile sectors, automobile industries contribute to the economy of the country. Privatisation of many sectors along with demonetization has affected both big and small businesses in the country. Below we have provided Indian Economy Essay in English, written in easy and simple words for class 6, 7, 8, 9 and 10 school students. Indian economy is the fifth largest economy in the world currently.
It is a developing market economy. The economic growth of India has even surpassed that of China in recent years, essay on indian economy. India has been able to successfully jump up ranks in various indexes, including the Ease of doing business index. Agriculture still remains the largest employer in the country, with the construction and real estate sector right behind it. The government has had a major role in accelerating the economic growth of the country. The way industries operate in our country has been enhanced by the Industrial Policy. Many industries have been freed from the system of licensing and have no restriction on importing new and latest technology from other countries.
The government has also taken up disinvestment in the industries where it is unprofitable. The focus on privatisation is being increased to intensify healthy competition. The government is also making efforts to revive and promote small scale industries and businesses. The New Trade Policy has made it extremely easy for traders to carry out imports and exports. The trade of all items barring a restricted few has been allowed. Also, the tax on many items has been abolished, while for others, the amount has been visibly minimised. A lot of incentives are also being provided to exporters to encourage foreign trade and gain foreign currency.
For continuous years starting from the 1st century A. The Indus Valley civilisation proved to provide a form of permanent settlement to the people of the country alongside efficient water supply, urban planning and sanitation. The silk route provides proof of early Indian trade. Under the Mughal empire, the Indian economy thrived and prospered. It was during this time essay on indian economy a focus on industrial production was also seen, essay on indian economy. Under the British rule, the Indian economy suffered some significant setbacks and was downtrodden. There were major changes seen in the agricultural sector.
The commercialisation of agriculture increased, essay on indian economy. Farmers were forced to grow cash crops that were used in trade, rather than producing food crops. This resulted in numerous famines. The once rich handicrafts and handloom sector also dipped and sunk during the British Raj. However, essay on indian economy, the colonial rule is responsible for giving the country railways, a legal system and a single currency exchange rate. The British era in India was rather exploitative, but our economy has come a long way since then with the help of policies pertaining to privatisation, liberalisation and globalisation. As the Indian economy has vastly diversified and grown in the previous years, essay on indian economy, the GDP contributed by the agricultural sector has reduced.
India is the largest producer of milk, pulses and jute and is the second-largest producer of wheat, rice and cotton. The main industries included in the Indian industrial sector include textile, construction, power, food processing, etc. Foreign Direct Investment is one measure by the government, which has increased foreign investments in the country, leading to further growth in this sector. The services sector contributes the maximum to the GDP of the country. It includes financial essay on indian economy, aviation, insurance, hospitality, entertainment, etc. This sector employs around 23 percent of the Indian population. The main reason why the service sector has been able to do exceedingly well is because of outsourcing. The working population here is skilled, highly educated and cheaper than the labour in other countries.
Unemployment is a problematic issue for the working-age population of India. The rate of unemployment has increased, and so has the population between the age bracket of years. This unemployment is prevalent in the rural as well as the urban areas and is more widespread among the unskilled workers. A significant chunk, including women, especially those that live in rural areas are illiterate and have low educational standards. This leaves so much potential untapped and opportunities unexplored. There is the existence of poor infrastructure in the economy. Millions of Indians do not have access to basic life amenities.
They even lack clean drinking water. Around 40 percent of the fruit rots before being brought to the markets. These are just a few of the constraints. The growth of the Indian economy has been unable to decrease the parity between the rich and essay on indian economy poor of the nation. Instead, it only seems to increase and favour essay on indian economy who are wealthy and hold power. Reader Interactions Leave a Reply Cancel reply Your email address will not be published. Skip to main content Skip to secondary menu Skip to primary sidebar HOME UPSC State Civil Services Indian Polity Notes Essay for UPSC SCERT Textbooks NCERT Books NCERT Books For Class 1 NCERT Books For Class 2 NCERT Books For Class 3 NCERT Books For Class 4 NCERT Books For Class 5 NCERT Books For Class 6 NCERT Books For Class 7 NCERT Books For Class essay on indian economy NCERT Books For Class 9 NCERT Books For Class Table of Contents.
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A lot of incentives are also being provided to exporters to encourage foreign trade and gain foreign currency. For continuous years starting from the 1st century A. The Indus Valley civilisation proved to provide a form of permanent settlement to the people of the country alongside efficient water supply, urban planning and sanitation. The silk route provides proof of early Indian trade. Under the Mughal empire, the Indian economy thrived and prospered. It was during this time that a focus on industrial production was also seen. Under the British rule, the Indian economy suffered some significant setbacks and was downtrodden.
There were major changes seen in the agricultural sector. The commercialisation of agriculture increased. Farmers were forced to grow cash crops that were used in trade, rather than producing food crops. This resulted in numerous famines. The once rich handicrafts and handloom sector also dipped and sunk during the British Raj. However, the colonial rule is responsible for giving the country railways, a legal system and a single currency exchange rate. The British era in India was rather exploitative, but our economy has come a long way since then with the help of policies pertaining to privatisation, liberalisation and globalisation. As the Indian economy has vastly diversified and grown in the previous years, the GDP contributed by the agricultural sector has reduced.
India is the largest producer of milk, pulses and jute and is the second-largest producer of wheat, rice and cotton. The main industries included in the Indian industrial sector include textile, construction, power, food processing, etc. Foreign Direct Investment is one measure by the government, which has increased foreign investments in the country, leading to further growth in this sector. The services sector contributes the maximum to the GDP of the country. The services sector contributes the maximum to the GDP of the country. It includes financial services, aviation, insurance, hospitality, entertainment, etc.
This sector employs around 23 percent of the Indian population. The main reason why the service sector has been able to do exceedingly well is because of outsourcing. The working population here is skilled, highly educated and cheaper than the labour in other countries. Unemployment is a problematic issue for the working-age population of India. The rate of unemployment has increased, and so has the population between the age bracket of years. This unemployment is prevalent in the rural as well as the urban areas and is more widespread among the unskilled workers. A significant chunk, including women, especially those that live in rural areas are illiterate and have low educational standards.
This leaves so much potential untapped and opportunities unexplored. There is the existence of poor infrastructure in the economy. Millions of Indians do not have access to basic life amenities. They even lack clean drinking water. Around 40 percent of the fruit rots before being brought to the markets. These are just a few of the constraints. The growth of the Indian economy has been unable to decrease the parity between the rich and the poor of the nation. Instead, it only seems to increase and favour those who are wealthy and hold power.
Reader Interactions Leave a Reply Cancel reply Your email address will not be published. Skip to main content Skip to secondary menu Skip to primary sidebar HOME UPSC State Civil Services Indian Polity Notes Essay for UPSC SCERT Textbooks NCERT Books NCERT Books For Class 1 NCERT Books For Class 2 NCERT Books For Class 3 NCERT Books For Class 4 NCERT Books For Class 5 NCERT Books For Class 6 NCERT Books For Class 7 NCERT Books For Class 8 NCERT Books For Class 9 NCERT Books For Class Poor quality and limited outreach of education is another hurdle.
Below we have given a short essay on Indian Economy is for Classes 1, 2, 3, 4, 5, and 6. This short essay on the topic is suitable for students of class 6 and below. Till today, many rural Indians lack basic amenities, like sanitation and water. Labour laws are rigid and politically exploited. A few amends would bring the Indian economy back on track. To reduce fiscal deficit, direct transfer of subsidies should be mediated across India. Subsidies for diesel and urea should be scrapped. The retail sector should be opened to FDI. This would lessen the pangs of inflation. Overseas bonds are an option to strengthen the rupee.
To resolve the power sector crisis, the state electricity boards must be reorganised. The oath of putting the nation on the path of development rests not merely upon the government, but also on citizens, who should be socially and morally responsible. The goal of economic security and sustainability is challenging. But can be achieved once a balance is established among the various dynamic sectors of economy. As Vivekananda said. Menu Maharashtra Board Maharashtra Board Class 10 Maths Maharashtra Board Class 9 Maths Maharashtra Board Class 8 Maths Maharashtra Board Class 7 Maths Maharashtra Board Class 6 Maths Tamilnadu Board Tamilnadu Board Class 10 Maths Solutions Tamilnadu Board Class 10 English Solutions Tamilnadu Board Class 9 Maths Solutions Tamilnadu Board Class 9 Science Solutions Tamilnadu Board Class 9 Social Science Solutions Tamilnadu Board Class 9 English Solutions ML Aggarwal Solutions ML Aggarwal Class 10 Solutions ML Aggarwal Class 9 Solutions ML Aggarwal Class 8 Solutions ML Aggarwal Class 7 Solutions ML Aggarwal Class 6 Solutions Selina Publishers Maths Maths Calculators Maths Formulas Geometry Formulas MCQ Questions NCERT MCQ Hindi Essay CBSE MCQ.
Long Essay on Indian Economy Words in English Below we have given a long essay on Indian Economy of words is helpful for classes 7, 8, 9 and 10 and Competitive Exam Aspirants. Short Essay on Indian Economy Words in English Below we have given a short essay on Indian Economy is for Classes 1, 2, 3, 4, 5, and 6.
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