Essay on The Sense of Evil Conveyed in Shakespeares Macbeth

Throughout his play, Shakespeare uses a wide variety of themes in order to convey the sense of evil. These themes are omnipresent, and well implemented into the text, as they allow the reader to visually imagine the different occurrences, and how they might lead to a sense of evil throughout. The themes included consist of appearance and reality, guilt, ambition, violence and tyranny and order and disorder. Several quotes are weaved into the text in order to express more clearly the theme Shakespeare is attempting to convey. The themes all come together to enhance the dark symbolism of evil, and how it is actually conveyed. The most prominent theme throughout Macbeth is ambition. Macbeth and Lady Macbeth risk their innocence and†¦show more content†¦Lady Macbeth influences her husband to pursue the murder of Duncan. Shakespeare also utilizes the theme of appearance and reality. The classic dagger scene, when Macbeth is not sure if he can trust his eyes, is only one of many references to this theme. For instance, he sees Banquos ghost at the banquet and Lady Macbeth imagines blood on her hands. Banquo talks about the cursed thoughts he has had and his dreams of the witches. Macbeth talks of the world of thought and dreams and sometimes becomes lost within it. Lady Macbeth is critical of Macbeths foolish thoughts and talks of him being lost because of this. The idea of sleep is also integrated, as Macbeth is told he has murdered sleep and will sleep no more whilst Lady Macbeth thinks of sleep as death, calling it the sternest goodnight. During Macbeth’s dagger soliloquy, he is overcome with a false vision, as explained by the following quotes: â€Å"Is this a dagger which I see before me,† and â€Å"Proceeding from the heat-oppressed brain†. The dagger is a hallucination, seen only by Macbeth, and demonstrates the difference in appearance to reality in the play, because Macbeth is seeing only a figment of his imagination due to his conscious. The theme of guilt expressed by Shakespeare is also thoroughly important in conveying the sense of evil. Blood symbolism is an important factor in the demonstration of guiltShow MoreRelatedThe Tragedy Of Macbeth By William Shakespeare892 Words   |  4 PagesTragedy of Macbeth’, written between 1599 and 1606 by William Shakespeare, has been reinterpreted in the 2010 film ‘Macbeth’. The 2010 film successfully takes its own reading of Shakespeare s play; by changing the setting, the director, Rupert Goold, effectively conveys many of the key themes and issues found in the original text. Whilst transforming some on the underlying meanings to correspond to the alternative readings contemporary audiences might take from Shakespeare s Macbeth. The objectiveRead MoreExplore the Link Between Ambition and Evil in Lord of the Flies and Macbeth976 Words   |  4 Pagesholds; Innate evil. Evil in what way you ask? In ambition. For in our world, Shakespeare’s, and Gol ding’s, Ambition truly is the source of all evil. In Macbeth, Shakespeare does well to disguise ambition as the true source of villainy, behind the faà §ade that is Lady Macbeth and the witches. Without ambition, there would never be any action, no good, no evil, would Eve have picked the apple from the garden of Eden, without the ambition to gain further knowledge? The two traits of evil and ambitionRead MoreMacbeth..Importance of Act 1, Scene 1 and 2.872 Words   |  4 PagesMACBETH..Act !, Scene 1 and 2. About the Play: In 1606, William Shakespeare wrote a play, Macbeth, which has gone down in history as one of the best tragedies ever written. It is known to be the shortest and bloodiest tragedies of Shakespeare. The simplest way of explaining the plot would be to say that it is a story of a man urged by his wife, and foretold by prophesy, to commit murder in order to gain power†¦.a plan which fails, with tragic consequences. But more specifically, it is a classicRead MoreThe Theme Fair is Foul and Foul is Fair in Macbeth by William Shakespeare1126 Words   |  5 PagesThe Theme Fair is Foul and Foul is Fair in Macbeth by William Shakespeare The witches in a barren heath are the first to mention Macbeth - thus indicating that he, the main character of the play, has, or will have a very strong tie to them and evil. Shakespeare opens the play with a dark and mysterious atmosphere, setting the mood of the play using a thunderstorm, an example of pathetic fallacy, a device used effectively throughout the play. This opening suggests thatRead MoreLady Macbeth by William Shakespeare1086 Words   |  5 PagesShakespeare tragic hero; Macbeth is undoubtedly conveyed as one of literatures greatest fallen heroes. Initially presented as an admirable hero, he self destructs from external and internal forces. The witches ignited Macbeth’s ambition and temptations prove too strong for the one admired war hero, whilst Lady Macbeth prays up on his exceptional being of vaulting ambition. Throughout the essay, the factors influence Macbeth’s downfall will be explored. The witches participate significantly in theRead MoreAct 2 Scene 2 of William Shakespeares Macbeth Essay1086 Words   |  5 PagesAct 2 Scene 2 of William Shakespeares Macbeth The main theses in Act 2 Scene 2 are good and evil, light and dark, ambition, time, clothing, blood, sleep and chaos and order. The whole atmosphere of Macbeth is one of violence horror and fear, and this atmosphere is accomplished by use of darkness. Darkness symbolizes chaos, evil, treachery, disorder and going against nature which is seen as the light, innocence or the good. Macbeth and Lady Macbeth are creatures of theRead MoreHow Do William Golding and Williams Shakespeare Present Disturbed Characters?1268 Words   |  6 PagesGolding uses the technique of evoking emotion from the reader through the use of innocent children committing unthinkable actions. He conveys his views through the ever growing savage characters of Jack and Roger, whereas Shakespeare presents Lady Macbeth as a mentally disturbed character consumed with an obsession of becoming a part of the hierarchy within society. In the first chapter of Lord of the Flies Golding uses the Island as an allegorical object, presenting the general overview of societyRead MoreMacbeth - Appearance vs. Reality1537 Words   |  7 PagesAppearance vs. Reality – Macbeth: Commentary Macbeth is a play written by William Shakespeare, which focuses on the life of Macbeth. Out of the four Shakespearean play categories, it is categorized as a tragedy, as the events of the play ultimately lead to the downfall of the protagonist, Macbeth. The theme of appearance versus reality is constantly repeated throughout the play, as it greatly contributes to the development of the plot. The idea is constantly conveyed by the characters using a pleasantRead MoreThe Presentation of Witches in William Shakespeares Macbeth Essay928 Words   |  4 PagesThe Presentation of Witches in William Shakespeares Macbeth Shakespeare is known all over the world for his advanced techniques in writing plays and the one I am studying is Macbeth. Macbeth was written for James the first, and was written because he was interested in witchcraft. In the 17th century witchcraft was frowned upon to say the least, and most people who practised witchcraft were burned at the stake. This was because society couldnt handle witchcraft; they were Read MoreLiterary Elements In Macbeth1998 Words   |  8 PagesGreat authors use literary elements to develop a message. William Shakespeare’s play, â€Å"Macbeth†, tells a tale about a man who desires to rule the country of Scotland as king. With three witches that tell him his future, Macbeth realizes that his life would be better off as king, but in order to seize the throne, he has to kill the current king. After motivation from his wife to kill the king, Macbeth’s life follows a series of events and actions that eventually lead to his death. Shakespeare uses

Bipolar Disorder A Mental Illness Caused By A Person s...

Bipolar disorder is a mental illness caused by a chemical imbalance in a person’s brain. Bipolar disorder can causes mood swings that can be both manic and or hypomanic, changes in sleep patterns, energy and overall behavior of a person. An individual’s environment can either hinder or aid in coping with the diagnosis of bipolar disorder. A manic episode lasts for at least one week and consist of increased goal-oriented energy, along with overly confident and excited feelings. These feelings may cause reckless or impulsive decisions. Many people experiencing manic episodes are known to have delusions or hallucinations. Manic episodes, mood changes include an overly happy or outgoing mood, a period of feeling ‘high’ and extreme†¦show more content†¦The three types of bipolar disorder are Bipolar I, Bipolar II and Cyclothymic. Bipolar I is at least one manic episodes that lasted at least seven days, usually requiring immediate hospitalization. The m anic episode may be followed by major depressive or hypomanic episodes. Bipolar II is at least one major depressive episode that last at least two weeks, followed by at least one hypomanic episode lasting at least four days. The erratic mood swings and behavior cause difficulty in areas of a person s life. The Cyclothymic disorder, is when a person has experienced numerous periods of hypomania linked with periods of depressive symptoms, in at least two years. Symptoms appear half the time and will be present for two months. Bipolar disorder is not easily diagnosed and can go without detection for years. Signs of bipolar disorder often appear in mid to late teens or early adult years. Many symptoms such as mood swings can lead to poor performance in a job or school, damaging relationship and even suicide if not treated. When treated with the correct balance of medications and psychotherapy, people with bipolar disorder can control their mood swings and other symptoms. Finding the correct medication is difficult. Many people with bipolar

Analysis of The Birth Mark Essay - 1177 Words

In â€Å"The Birthmark† the relationships and behaviors of the character reveal much more than the story itself does. The characters of Aylmer, Georgian, Amenidab and Nature itself, through their words, actions, and behaviors give insight into a much more meaningful story. A deeper analysis of the characters reveals that they are archetypes, and as archetypes they provide a deeper hidden meaning to the story. By looking at Aylmer, Georgiana, Amenidab and Natures relationships and actions throughout the story we can see how they are used to give deeper significance. The character of Aylmer can be seen as a sinister, mad scientist who constantly fights with nature in order to attain human perfection. From the beginning of the story Aylmer’s†¦show more content†¦Once again this shows Aylmer is not concerned about his wife but rather his victory of nature itself. Aylmer’s true motives can be seen at the end of the story after he has given Georgiana the liquid that supposedly will take the mark away. â€Å"’Matter and spirit-earth and heaven-have both done their part in this! Laugh, thing of the senses! You have earned the right to laugh’† (Hawthorne 231). This shows Aylmer’s moment of ecstasy as he seems to have defied nature and begins to laugh in the face of nature itself. This undirected, almost insane laughter shows Aylmer’s true motive of defying nature and creating perfection through science. The archetype of Georgiana can be seen as the perfect women, however, her birthmark acts as a symbol of imperfection and mortality that keeps her from fully pleasing her husband. Georgiana is described as beautiful and perfect except for one flaw, the birthmark. â€Å"It was the fatal flaw of humanity which Nature, in one shape or another, stamps ineffaceably on all her productions, either to imply that they are temporary and finite, or that their perfection must be wrought by toil and painà ¢â‚¬  (Hawthorne 220). The hand-shaped birthmark can be seen as her being touched by nature and acts as a symbol of imperfection and mortality in humans. The symbol of the birth-mark standing for mortality can be seen again towards the endShow MoreRelatedAnalysis Of The Poem The Birth Mark Essay1076 Words   |  5 PagesHolly Hardin Professor Austin-Bolt LIT 2341 12 October 2016 Title In Nathanial Hawthorne’s short story â€Å"The Birth-Mark,† the use of symbolism is heavily portrayed. Although the birthmark is the most prominent symbol in the story, it is not the only one that Hawthorne used. Hawthorne uses the narrative to show the world that humans are mortal beings, and that no person is knowledgeable enough to assume the role of an all-powerful god. Through his use of symbolism, Hawthorne addresses the issues ofRead MoreAnalysis Of Hawthorne s The Birth Mark 1305 Words   |  6 PagesMajor (Research) Essay 3: Hawthorne’s â€Å"The Birth-Mark† In this story, a husband sacrifices his wife’s life over a birthmark, which he feels to be the only thing that stands in the way of her and perfection. (46) The deficient scientist, Aylmer is very much in love with his dear wife, Georgiana. However, only a few days soon following their marriage, Aylmer takes notice of a peculiar mark which sat on the left side of Georgiana’s cheek. After discovering the birthmark, Aylmer hastily digs for waysRead MoreAnalysis Of `` Girl `` By Jamaica Kincaid And The Birth Mark1032 Words   |  5 PagesBefore analyzing â€Å"Girl† by Jamaica Kincaid and â€Å"The Birth-Mark† by Nathanial Hawthorne, it is important to understand the role that women played in society during the time the short stories were written. In each of the stories the theme relates directly to the expectations that women were held to during that time in history. After reading both of the stories, it is clear that there were several literary elements used to portray the domestic responsibilities of women in society at the time. AnalyzingRead MoreAnalysis Of Nathaniel Hawthorne s The Birth Mark 1784 Words   |  8 Pages29). The beginning of the short story â€Å"The Birth-Mark† relates the union of Aylmer, a scientist who was highly distinguished within his community but personally unsatisfied due to his severe perfectionism, with his wife, Georgiana. Unfortunately for their relationship, Aylmer obsessed over the possible removal of his wife’s hand-shaped birth-mark, which he saw as the sole thing that stood between him and a perfect wife, so Georgiana agreed to have the mark removed. Soon afterwards, Aylmer furnishedRead MoreNathaniel Hawthorne And Edgar Allen Poe1318 Words   |  6 Pagesa hand-shaped mark upon her cheek and has been convinced by her husband to get the birthmark removed because in his eyes it limits her perfection. She feels the pressure from her husband to get it removed so she will feel acce pted by him. â€Å"Ligeia† is a narrative of a young bride, Rowena, who is intended to be the successor of her husband’s deceased wife, but falls far short of the man’s ideal image of his first wife. Jeffrey Howard’s analysis of â€Å"Nathaniel Hawthorne’s The Birth-Mark† and Jeffrey Howard’sRead MoreThe Synoptic Relationship : The Four Source Hypothesis1472 Words   |  6 PagesTo analysis the synoptic relationship is to show the significance of the Synoptic Problem. In the New Testament, Matthew, Mark, and Luke are known as the Synoptic Gospels. All three of them share some of the same stories and some common materials, such as some of the arrangements of the common material follow Mark’s order and some common material from Matthew or Luke are different from Mark’s order, and then some agree with Mark’s order. According to the Eight General Rules of the Synoptic, MatthewRead MoreA Comparison Of Dna Methylat ion Between Infants Delivered Vaginally And By Caesarian Section1714 Words   |  7 Pagescomparison of DNA-methylation between infants delivered vaginally and by caesarian section 1 Introduction This paper, written for the course ‘Molecular microbiology and epigenetics’ is a summary of two existing articles: ‘Epigenetic modulation at birth - altered DNA-methylation in white blood cells after Caesarean section’ (Schlinzing et al., 2009) and ‘Caesarean delivery and hematopoietic stem cells epigenetics in the newborn infant: implications for future health?’ (Almgren et al., 2014). The objectiveRead MoreThe Montessori Method: Origins of an Educational Innovation1151 Words   |  5 Pagesï » ¿Maria Montessori Introduction Maria Montessori left a lasting mark on the education system all over the world (Montessori Gutek, 2004). Philosophers consider her as one of the most popular as well as accomplished educator of her time. Many universities and schools today study and utilize her philosophies and techniques. Her life involves a story of a remarkable achievement and perseverance. Maria Montessori considered the concept of teaching children to explore the world through the use of theRead MoreTragic flaw in Hawthorne’s â€Å"The Birthmark† Essay1201 Words   |  5 Pagesmight, replied her husband; but never on yours. No, dearest Georgiana, you came so nearly perfect from the hand of Nature that this slightest possible defect, which we hesitate whether to term a defect or a beauty, shocks me, as being the visible mark of earthly imperfection. (Hawthorne, 1843, para. 5) Such arrogance is the reason why the romance became in tragedy. Aylmer as devote scientist had been influenced by discoveries of the 19th century. For him the nature can be modified through scienceRead MoreAnalysis Of Mark Twain s The Adventures Of Huckleberry Finn752 Words   |  4 Pages1880s classic American novel, The Adventures of Huckleberry Finn, Mark Twain urges individuals to release themselves from the current bonds of society to achieve a greater level of happiness. In order to reach the greater level of happiness unreachable in the current circumstances of society, individuals must learn from and mimic nature’s methods which nature utilizes to better itself. Analysis of Literature Critics generally agree Mark Twain intentionally uses nature, more specifically the river, to

Underage Drinking On College Campuses - 1464 Words

Underage Drinking on College Campuses Everyday there are young adults drinking underage around the United states on and off college campuses. Even with a national drinking age and laws that govern that drinking age, young adults are still drinking. Many universities across the nation have tried to eliminate underage drinking, by creating a zero alcohol on campus policy. This policy pertains to all students whether of drinking age or not. The universities that create such policies are known to college students as a dry campus. The concept of a dry campus is to eliminate the access to alcohol to those students that are under age, drinking and driving, and binge drinking on campus. Campuses that are dry have the most restrictive alcohol†¦show more content†¦Even with all the efforts to enforce an alcohol-free campus, the hard work has fallen to the waste side throughout the life span of the policy. To this very day, students continue to drink illegally in the dorms, in Greek ho uses on campus property, and in some cases openly around campus. The alcohol policy was put into place to protect the well-being of all concerned in the University community. The history of alcohol consumption at OU was the leading cause of the once wet campus to become dry. The movement to a dry campus began after the death of a freshmen pledge into the Greek system. The freshman had dead from alcohol poising after a night of binge drinking at a fraternity house. The death of the young man promoted leadership at OU to reevaluate the current alcohol policy. Per NBC News â€Å"Oklahoma University president David Boren says the one death on his campus was one too many.† (Williams 2004). In January 2005, the campus officially went to a dry campus, with a three-stick policy attached. Students would be given three alcohol policy violations before being expelled from the university (2016) . The leadership at OU had sold grounds for implementing the zero-alcohol policy. As rational as this policy was to implement, it hasn’t been as effective as the University was hoping for. Eliminating alcohol on campus is a far cry from the once wet campus. There is a middle ground that could haveShow MoreRelatedCollege Campus : Dangerous Incidents On Colleges Campuses1716 Words   |  7 PagesCollege freshmen are so excited when they enter the campus with a hope of enjoying their freedom. They also expect to be safe on their college campus but dangerous incidents on colleges campuses have increased in recent years. In one situation, an 18-year-old freshman student at one of the Chicago’s university could not forget her Friday night at the university dorm when she was attacked (Schulte, 2014). She said she was being watched couple times around campus by other man from a distance. AfterRead MoreBinge Drinking vs the Drinking Age Essays829 Words   |  4 PagesEnglish 101 March 13, 2013 Binge Drinking VS the Drinking Age Presidents of college campuses around the nation face issues of underage drinking and binge drinking on a regular basis and realizes that it is a danger and a problem. â€Å"Alcohol consumption is the third leading cause of death in the U.S., a major contributing factor to unintentional injuries, the leading cause of death for youths and young adults, and accounts for an estimated 75,000 or more deaths in the United States annually† (WechslerRead More Lowering the Legal Minimum Drinking Age Essay1622 Words   |  7 PagesThe issue of underage drinking has become a major problem, especially on college campuses. But, underage drinking is not purely the root of all accidents related to alcohol. The real problem lies within the unsafe underage drinking habits amongst youth. There are ways that these alcohol-related accidents can be avoided. Several organizations have been created that are targeting a change in the legal drinking age laws. One key way to lower the risk of unsafe drinking is to lower the minimum legalRead MoreAlcohol Issues on College Campuses1181 Words   |  5 PagesAlcohol Issues on College Campuses â€Å"Binge Drinking on College Campuses.† Center for Science in the Public for Science, Center for Science in the Public Interest. Web. 21Mar. 2012. The Center for Science in the Public Interest (CSPI) discusses that students enrolled in college are more likely to consume alcohol than their peers than do not attend college. They report that 1700 college students die yearly due to alcohol. The increasing number of college students drinking has resulted in higher incidencesRead MoreThe Legal Drinking Age Of The United States Essay1385 Words   |  6 Pagesremember the night before when they went out drinking. It is a common fact that most teenagers have had a drink of alcohol before their twenty-first birthday. Most teenagers drink regularly or in some cases, binge drink. Nobody can prevent underage drinking. When people tell a teenagers they cannot have something, it inclines them to want it even more and teenagers will go to extreme lengths to obtain it. In 1984, Congress passed the law stating the legal drinking age in the United States was twenty-oneRead MoreUnderage Drinking851 Words   |  4 PagesUnderage drinking is becom ing more of a noticeable problem in society, not only with high school students, but also with younger generations. Drinking is all over the television, the radio, and talked about in schools, public places, etc. Alcohol advertisements are more and more appealing to younger generations. If our youth is educated at a younger age, if school policies were stricter, and if clubs and bars cracked down on underage drinking the problem would not be as serious. Youth should beRead MoreThe Issue Of Underage Drinking928 Words   |  4 Pages The issue of underage drinking has been constant for many years. The law for the minimum drinking age allows people 21 and older to legally drink alcoholic beverages. It is hard to enforce this law especially on college campuses where lots of underage drinking takes place. Someone that is 18 and older can get into some clubs where they are getting drinks even though they are not supposed to. There is a level of responsibility they needs to be taken when people are drinking. They should know howRead MoreThe Effects of Alcohol on Campus Essay1367 Words   |  6 Pagesthe rules and laws of the university and the state. Underage drinking has become a nationwide pandemic. With the legal drinking age now at twenty-one, at least half of the college population is underage, leaving room for more students to engage in binge drinking at fraternities, athletic events, and dorm rooms. The fact that half the students are underage makes them more rebellious and wanting to feel above the law, ofte n ending in underage drinking. The articles that will be reviewed and discussedRead MoreUnderage Drinking And Teenage Drinking1584 Words   |  7 PagesAlex Wilmore Joshua James, Instructor ENG 111 07 July 2015 Underage Drinking â€Å"With such compelling information, the question is why haven t we been able to do more to prevent the crisis of underage drinking? The answer is: rising the age to 25† is what Lucille Roybal-Allard once said, a U.S. Representative for serving in Congress since 1993. This statement has brought many to speculate of issues and debates. This expression opened the eyes of American people that often struggled to make this truthRead MoreUnderage Drinking And Teenage Drinking1584 Words   |  7 PagesAlex Wilmore Joshua James, Instructor ENG 111 07 July 2015 Underage Drinking â€Å"With such compelling information, the question is why haven t we been able to do more to prevent the crisis of underage drinking? The answer is: rising the age to 25† is what Lucille Roybal-Allard once said, a U.S. Representative for serving in Congress since 1993. This statement has brought many to speculate of issues and debates. This expression opened the eyes of American people that often struggled to make this truth

Features of the Indian Economy Free Essays

string(35) " economic development is dificult\." UNIT 17 FEATURES OF THE INDIAN ECONOMY Structure 1 7. 0 Objectives 17. 1 Introduction 17. We will write a custom essay sample on Features of the Indian Economy or any similar topic only for you Order Now 2 Features of the Indian Economy 17. 3 Growth and Development 1 7. 4 Mixed Economy 1 7. 5 Demographic Transition 1 7. 6 Sectoral Composition of GDP 1 7. 7 Employment Structure 1 7. 8 Inter-Governmental Fiscal Relations 17. 9 Let Us Sum Up 17. 10 Key Words 1 7. 1 1 Answers to Check Your Progress Exercises – – 17. 0 OBJECTIVES After going through this unit, you will be able to: identify the important features of the Indian economy; distinguish between economic growth and economic development; explain the pattern of demographic transition in India; xplain the sectoral composition of the Indian economy; and explain the pattern of employment in India. 17. 1 INTRODUCTION Let us begin with the word ‘economy’. It denotes the operations and management of the economic system – the activities related to production of goads and services, consumption, investment, exchange of g d and services within the geogmphical territory, and exports and imports with rest of the world. You may have observed that production of goods and services requires inputs such as labour, capital (machineries, buildings, etc. ) and raw materials. The inputs are available in limited quantity, i. e. , there is a shortage of inputs. When these inputs are used in the production process, they need to be paid some reward. For example, if you want to employ a unit of labour you have to pay some wage to himher. Similarly, building can be hired by paying some rent or money can be borrowed by paying some interest. Ultimately utilization of inputs involves some costs. Thus the objective before the economy is to utilize the scarce resources efficiently so that production of goods and services is maximized and cost is minimized. Economic Development Now let us try to explain the structure of the Indian economy. The word structure, as you know, implies the way in which something is organised or put together. Thus we should look into the way the Indian economy is organised. AmrdinglyY we will find out the major segments or sectors of the Indian economy and the manner in which’these sectors interact with one another. In order to keep our discussion brief we will focus on the developments in the Indian economy dukg the post-independence period, particularly the period since five-year plans started in India. To begin with, we find out the important features of the Indian economy. 17. 2 FEATURES OF THE INDLAN ECONOMY At the time of Independence the Indian economy was stagnant and highly underdeveloped. Agriculture was the backbone of the economy but agricultural activities were undertaken through obsolete technology. Industrial sector c o n t r i i very little to gross domestic product (GDP). In order to give a direction to the economy the government initiated economic panning in the form of Five Year Plans in. 195 1. Over the years the economy has witnessed increase in GDP, the composition qf GDP has changed, standard of living of people has improved, and there has been ypgradation in level of technology. The important features of the Indian economy are as follows : 1) The Indian economy is a developing economy. It has not yet reached the level of economic development seen in America and Europe. – 2) The 1ndid economy is a mixed economy in the sense that both private sector and public sector coexist and participate in the production process. 3) It is c-zed by high population density and population growth. ) About one-third of the population live below poverty line. ‘Vicious cycle of poverty’ operates in many sectors of the economy. 5) There is high level of unemployment and underanployment In addition, there is ‘disguised unemployment’ in the agricultural sector. 6) The level of technology used in production process is low in many sectors. Modern technology has no t been adopted in all sectors ofthe economy. 7) ~ h aise a shortage ofphysical and economic inhstmcture. ~ransporhti(nm ak, railways, airlines), power (electricity, gas), and communication (telephone, Internet) have not reached all parts of the country. Even some parts of the country ‘ do not have provisions for schools, colleges, hospitals, and safe drinking-water supply- Let us discuss some of the above issues in detail. 17. 3 GROWTH AND DEVELOPMENT Economic development is a broader term than economic growth Economic growth usually means the growth in production of an economy. On the other hand, economic development includes other fsctors such as litemcyy health, child mortality rate, equality, regional balance, infbtmchrre, etc. Country GDP Per Capita GDP Per Capita (PPP US$) (annual growth rate) 1999 (1 990-99) United States 3 1,872 2. 0 United Kingdom 22,093 2. 1 France 22,897 1. 1 Mexico – 8,297 1. 0 l3mil 7,037 1. 5 China 3,617 9. 5 * India 2,242 4. 1 – — – Bangladesh 1,483 3. 1 Sri Lanka 3,279 4. 0 Nigeria 853 -0. 5 Tanzania 501 -0. 1 * The difference between economic growth and economic development is a subtle Features of the one. Let us take the example of a child. As a child grows her weight and height increases. Simultaneously, her capacity to leam, recognize and distinguish between objects develops. Thus growth is not sufficient; we need development also. Similarly, in the case of the Indian economy economic growth is not enough; we need economic development. We need better health of people, education for all, reduction in inequality among sections of people and regions, reduction in infant mortality rate (IMR), access to drinking water for all, etc. The government has to devise policies and allocate government expenditure so that these facilities are available to all. Thus the additional income generated in the economy reaches the backward regions and the poorer sections of society. To achieve economic development we need economic growth. In a stagnant economy, where there is no economic growth, realization of economic development is dificult. You read "Features of the Indian Economy" in category "Papers" Table 17. 1 India in the World Ecaoomy – – – – Source: . World Development Report Measurement of the level of economic development is dificult, because it does not depend upon a single factor. There are a number of indicators of economic development. These indicators could be quite varied and too many. In Table 17. 1 we have given the per capita GDP along with annual growth rates of some of the economies. In order to make comparison possible we have given these figures in a comparable form (in purchasing power parity US$). You can see that Indian economy is not comparable to developed economies. The per capita GDP in India is much lower than in developed countries. However, it has a higher growth rate compared to others. Note that some of the countries have very low GDP per capita and have experienced decline in it over time (see, Nigeria and Tanzania, Economic Development Apart fiom low per capita income India is far below the developed economies in terms of development indicators. Some of these indicators are consumption of electricity, literacy rate, access to safe drinking water, empowerment of women, etc. United Nations Development Programme (UNDP) brings out a ‘human development index’ by combining several indicators of development such as life expectancy, education, per capita income, and empowerment of women. According to Human Development Report 2001, India ranks 1 15 out of 162 countries in terms of human development index A positive feature of the Indian economy is that it is not stagnant; it is developing. It is one of the fastest growing economies in the world. There have been improvements in life expectancy, literacy, and availability of infrastructure. 17. 4 MIXED ECONOMY As mentioned earlier the Indian economy is a mixed economy where private sector and public sector coexist and contribute to the production process. Some of the activities such as law and order, justice and defence have to be performed by the government. However, the government enters directly into production of goods and services which the private sector can also produce. The extent to which the government should involve itself in the production activities is a controversial issue. During the decades of 1960s and 1 970s the Indian government produced whatever it could and intervened in the production decisions (what to prodae, where to produce, what technology to use) of the private sector through a rigorous licensing policy. We will discuss about the economic policy changes in India later in this block. Let us look into the reasons for undertaking production activities by the government. A producer in the private sector (usually motivated by higher profits) takes the risk of setting up an industry, purchases inputs, produces output and sells the output in the market for a price. Imagine a situation where a producer produces a commodity or service but cannot sell it for a price because consumers cannot be excluded fiom its consumption. You may have observed that in certain cases the benefit derived by you is in no way going to obstruct others from deriving its benefit. An example of the above could be the provision of streetlight by the local government. Thus, if your neighbour puts a light in h n t of her house, you enjoy the benefit that the front of your house also gets lighted; and you do not have to pay for it. In this case there is a market failure in the sense that your neighbour cannot charge you for the benefit you derive. Thus she does not have any incentive to put a bulb in front of her house. On similar logic you also do not put a bulb in h n t of your house, which requires street lighting by the government. Secondly, inbtructure such as road, ports, dams, etc. , require huge investment but the rate of return is very low in the short run. Thus no private entrepreneur would be interested in providing roads, which prompts the government to come forward. Thirdly, there are natural monopolies such as electricity generation, railways, etc. , where a single producer can serve the entire market. Fourthly, there are certain production activities which have so much social benefits that the govemment should produce these goods and services (e. g. , schools and colleges, hospitals, banks, etc. ). Fifthly, the government may enter into production activities to fblfil some other social objectives instead ifprofit motive. These objectives could be employment generatiorl, regional balrncc, and social i~plifot f the downtrodden. Thus there is a strong case for public sector production and Indian planners Year Share of Public Sector Share of Private Sector 1 960-61 9. 9 90. 1 1970-71 13. 7 86. 3 1980-8 1 19. 5 80. 5 1990-9 1 25. 1 74. 9 1998-99 25. 1 74. 1 recognized it fbm the very beginning. We observe the presence of public sector Features of the in construction, hotels and restaurants, transport and communication, railways, . Indian ~conomy banks and other services. Share of Public and Private Sector in GDP Let us look into the share of public sector in the GDP of M a (s ee Table 17. 2). In the financial year 1960-6 1 about 10 per cent of GDP originated fiom the public sector. In the Five Year Plans @e government expanded the role of the . government through more and mo@ investment in various activities. As a result,. the share of public sector in GDB increased to nearly 14 per cent in 1970-7 1, about 20 per cent in 1980-8 1 and 25 per cent in 1990-91. However, many restrictions on private sector have been removed during the decade of the 1990s. As a result, the private sector has increased rapidly and the share of public sector has remained around 25 per cent. Check Your Progress 1 Note: 3 Use the space given below for your answers. ni Check your answers with those given at the end of the Unit. 1) Bring out the important fbtures of the Indian economy. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2) Distinguish between growth and development. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5†¦. .. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Economic Development 3) What are the reasons for the gov ernment to enter into production activities? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 17. 5 DEMOGRAPHIC TRANSITION India accounts for 2. 4 per cent of the world surface area but it has 16. per cent of the world population. As per the 2001 census the population of India in 2001 was 102 crore. Thus India is the second country in the world to cross 1 billion mark, the first one being China. However, keeping in view the f act that China has a much lower population growth rate (1. 4 per cent per year) compared to India’s 1. 93 per cent per year, India is likely to overtake China within a few decades. Change in the size of population takes place through three demographic events: birth, death and migration. In the Indian economy migration has played a negligible role in population growth. Thus population growth is largely due to higher birth rate than death rate. In an economy there is a pattern in which demographic transition takes place. Such transition can be divided into three stages. It has been observed that when the level of development is low in an economy both birth rate and death rate are high. As a result population growth rate is not that high. This is the first stage of demographic transition. When economic development takes place the economy moves on to the second stage – death rate declines due to availability of health facilities and medicines but birth rate continues to remain high. This is the stage when there is a wide gap between birth rate and death rate, and population increases sharply. With M e r economic development, the economy moves on to the third stage -both birth rate and death rate are low. Consequently, population growth rate is again low in the third stage. All the developed economies are in the third stage of demographic transition. Table 173 I Demographic Transition in India Year. Population Birth Rate Death Rate Population Life (in crore) (per 1000) (per 1000) Growth Rate Expectancy (% per annurn) (in years) 1950-51 36. 1 39. 9 27. 4 1. 5 32. 1 1960-61 43. 9 41. 7 22. 8 1 . % 41. 3 1970-71 54. 8 36. 9 14. 9 2. 20 45. 6 1980-81 68. 3 33. 9 12. 5 2. 22 50. 4 1990-91 84. 6 29. 5 9. 8 2. 14 58. 7 2000-01 102. 7 25. 8 8. 5 1. 93 62. 5 – – In the case of India during the pre-independence period both birth rate and death Features of the rate were quite high. As a result, population grew at a lower rate. As you can Indian Economy see fro m Table 17. 3 population growth rate during 1950-5 1 was only 1. 25 per cent per mum. However, population growth rate accelerated afterwards and 4 i reached a peak during 1980-81. A positive sign is that in the recent census the annual population growth rate has come down below 2 per cent. Some of the states such as Kerala, Tamilnadu and Punjab have reached a reasonably lower birth rate. However, in some of the major states such as Uttar Pradesh, Bihar, Rajasthan and Madhya Pradesh population growth rate is very high. Life expectancy indicates the number of years a newborn child is expected to . . swvive. It has increased from about 32 years in 1950-5 1 to more than 60 years at present. As a result, the percentage of the aged people in India has increased. On the other hand, a decline in birth rate has resulted in a decline in the percentage of children in the country. 4 17. 6 SECTORAL COMPOSITION OF GDP Let us look into the composition of GDP in India and the changes in it over h e . The composition of GDP in India has undergone substantial changes since 1950- 51. The share of agriculture has declined while that of industrial and service sectors has increased. Economic activities can be divided into three categories: primary activities, secondary activities and tertiary activities. Primary activities include i) agriculture, ii) fore and logging, and iii) fishing. Secondary activities include i) mining and quq ii) d t u r i n g , iii) electricity, gas and water supply, and iv) construction Tertiary activities include i) trade, ii) hotels and restaurant, iii) transport (railways, road, air, waterways), iv) storage, v) communication, vi) banking and imurance, vii) real estate, and viii) public administration and defence. The tertiary activities are also called senrice activities. , Table 17. 4 Sectoral Composition of GDP Source: National Accounts Statistics of India Economic Development On the basis of Table 17. 4 we make the following observations: Agriculture and allied activities (p* sector) contributedmore than half of the GDP in 1950-5 1. The share of agriculture and allied activities has continuously declined over the years and contributed only 24. 2 per cent in the year 2000-01. Of this, agriculture contributed 22. 2 per cent while forestry and logging, and fishing contributed about 1 per cent each. The share of services sector has increased from 28 per cent in 1950-5 1 to 48. 5 per cent in 2000-01. For the year 2005-06 the share of services sector is estimated to be 54 per$ent of GDP. Thus services sector contributes more than half of the GDP at present. The share of secondary sector has increased fiom 14. 3 per cent in 1950-51 to 27. 3 per cent in 2000-01. Subsequently it declined to 26. 1 per cent in 2005-06. The decline in the share of the primary sector in GDP has taken place as the secondary and tertiary sectors have registered higher growth rate than the primary sector. In fact, the government has attempted to promote the secondary and tertiary sectors. If we look into the sectoral composition of GDP of the developed economies, we find that primary sector contributes less than 5 per cent of GDP. Most of the GDP comes fiom the service sector (about 70-80 per cent). So the developments in the Indian economy can be considered to be a positive aspect. A problem area, however, is the composition of employment, as we will see in the next Section. It is worth mentioning that of the 27. 3 per cent share in 2000-01 manufacturing sector contributes 17. 2 per cent to the GDP. The remaining 10. 1 per cent comes tiom mining and quarrying (2. per cent), electricity, gas and water supply (2. 5 per cent) and construction (5. 3 per cent). Remember that manufacturing, and electricity, gas and water supply constitute the industrial sector. In the industrial sector we have both private sector and public sector on the basis of ownership. Very often another distinction is made: organised sector and unorganized sector. In fact, as per the Industrial Act 1 95 1 all the industries employing more than 10 workers if production is through use of power (20 workers if production takes place without use ofpower) are ~lequiredto register with the RegisErar of Indu. These industrial units tidl under the category registered-sector or organized-sector. The remaining industrial units, mostly small scale, are termed unorganized sector. In the year 2000-01 the unorganized sector contributed 6 per cent to GDP compared to 1 1. 2 per cent by the organised sector. In the year 1950-5 1 both organized and unorganized sectors contributed almost equally to GDP at 4. 5 per cent each. Period National Per Capita Income Income First Five Year Plan (1 95 1-56) 3. 6 1. 8 Second Five Year Plan (1956-61) 4. 1 2. 0 Third Five Year Plan (1 96 1-66) 2. 5 0. 2 Fourth Five Year Plan (1969-74) 3. 1 . O Fifth Five Year Plan (1974-79) 5. 0 2. 7 Sixth Five Year Plan 1980-85) 5. 4 3. 2 , Seventh Five Year Plan (1985-90) 5. 8 3. 6 Eighth Five Year Plan (1 992-97) 6. 7 4. 6 Ninth Five Year Plan (1997-2002) 5. 4 3. 5 Features of the . Indian Eeonomy Table 175 Annual Growth Rntes (per cent per mum, 1993-94 prices) Source: Economic Survey 2001-02 From Table 17. 5 we observe that f or the period 1950-75 the average annual growth rate of national income was quite low (around 3. 5 per cent). On the other hand, during thi period 1975-2000 the average annual growth rate has been around 5. per cent. A similar trend is observed in the per capita income of India Per capita income is defined as national income divided by total population of the country. It is obtained by subtrachg population growth rate h m growth rate of national income. We should mention that before 1975 growth rate in national income was relatively lower while population growth rate was higher. As a result, per capita income increased at a very low rate (a little over 1 per cent per annum). On the other hand, after 1975 growth rate in national income was higher while population growth started slowing down. Consequently, per capita income increased at a relatively higher rate. During the period 1W-2002 per capita income h2ls i n d at around 4 per cent per mum. 17. 7 EMPLOYMENT STRUCTURE India being the second largest country in tern of population, it has a large labour – force (people who are able to and willing to work). In the year 1999-2000 there were 39. 7 crore employed workers in the country, which is about 40 per cent of the total population. The remaining 60 per cent population in the country are dependents. Thus for every worker there is 1. dependents. These dependents constitute children, aged and the unemployed. Because of high population growth rate the percentage of children in India is higher than in developed’countries. 13 Economic Devebpmnt Table 17. 6 Sectoral s om pod ti on of~rnployment Sector 1983 1993-94 1999-2000 Primary Sector Secondary Sector Service Sector . Total Total Employment (in crore) Agriculture has been the main source of employment in Ind ia. During the period 1950-70 it provided employment opportunity to more than two-third of the labour force. We mentioned earlier that the share of the primary sector (agriculture and allied activities) in GDP has declined over time in Indian economy. For the year 2000-01 primary sector contributed 24. 2 per cent of the GDP. Compare this with the employment share! In the year 1999-2000 nearly 60 per cent of the labour force were engaged in agriculture. We observe that the decline in GDP share of the primary sector is not accompanied by a corresponding decline in employment share. An implication is that workers employed in primary sector have a very low productivity than in secondary and tertiary sector. In the developed economies less than five per cent of the labour force is engaged in agriculture. It has been made possible by using modem technology and mechanization of agriculture. In some parts of India modem technology is employed in agriculture. However, a majority of farmers in India continue to we obsolete technology. A second implication is that there are too many people engaged in agriculture. In fiwt, agriculture has been a way of life for the households engaged in the agri- – activities. Very few children look for employment outside agriculture. And those who do not get employment anywhere else start working in the family owned land. As a result, often we see a feature termed ‘disguised unemployment’ in Indian agriculture. It is a situation where a person is engaged llly in agriculture but his contribution is zero. It implies that if we take away the worlcer agricultural output will not decline. Suppose five pemons working in a field and the output is 10 tomes of wheat. If we reduce the number of workers to four, then also output will remain the same. Thus the fifth worker worked in the field, but he is as good as unemployed, because his contribution is zero. It has been a policy of the government to shift the additional labour hxce in the ‘ agricultural sector to secondary and tertiary sectors. Recall that service sector contributes more than half of the GDP but provides employment to less than onefourth of the labour force. Thus the productivity of labour is higher in the service sector. 17. 8 INTER-GOVERNMENTAL FISCAL RELATIONS As you are aware India follows a democratic form of government, which is federal in nature. We have diffmt layem of govemment with specific powq and 14 Features of the Indian Economy esponsibilities defined by the Indian Constitution. Taking into account the amendments made so far the Constitution provides for three layers of government: Central, State and Local. In order to carry out its responsibilities the government at each level has been assigned powers to impose taxes on individuals and organizations based on criteria such as income, expenditure, production and certain economic transactions. The majo r source of revenue for the central government is income tax (on individuals and corporations), central excise, and custom duties (on imports of goods). On the other hand, there is a long list of taxes assigned to the states (including taxes on alcoholic beverages, agricultural income, and land) but the major source of tax revenue for the states is the sales tax. The tax base of the local governments is limited to local services and production. We have to keep certain things in mind while analyzing inter-govemmenth fiscal relations. One, there should be no fiscal overlapping so that the same tax should not be imposed by more than one layer of government. The Seventh Schedule of the Indian Constitution specifies the manner in which taxes are to be imposed by the central and state level govemments. Two, taxation power is assigned to a particular level of government keeping in view the geographical area oh which the impact of the tax is felt. Thus the tax categories assigned to the Centre are generally broad-based and their impact is felt beyond state boundaries. Three, the residual power with respect to taxation remains with the central government. While exercising such power the Centre introduced ‘service tax’ during 1990s on the provision of specific services. Recall fiom Section 17. 7 of this unit that the share of s e ~ c essec tor in GDP is more than half and its share is increasing over the. Service tax is slated to be an important source of revenue in times to come. Four, imposition of taxes and hation of tax rates is a matter of political economy. In order to fbrther political interests governments have many times in the past waived taxes or excluded certain categories from taxation. A widely debated issue in this context is imposition of taxes on agricultural income, which is a state subject and state governments have invariably avoided taxation of rural rich. It has given rise to widespread tax evasion as individuals take advantage of the concession allowed to fanners and report non-agricultural income as agricultural income. Five, there is a mismatch between the tax base and the responsibilities assigned to different layers of govemments. The states have always complained about inadequate revenue compared to their expenditure. Similarly, there is shortage of funds at local government level compared to the expenditure they carry out. Six, tax base is unevenly distributed across states. For example, rich states have a relatively higher share of people who pay taxes. Similarly, relatively higher amount of excise duties is collected fiom industrially better off areas. In order to tackle the problems of inadequate tax revenue at the state level, the Centre transfers h d to the states. Apart from meeting the gap between revenue and expenditure the devolution of funds to subordinate layers of government has the effect of bringing in regional balance in economic development over time. There are three modes of transfer of h d s fiom the Centre to the states. First, the centre collects certain taxes (particularly, personal income tax and excise duties) and allocates a share of the tax proceeds to the states. In order to streamline such allocation the constitution provides for setting up of a Finance Commission every five years, which suggests criteria of such sharing between the ‘ Centre and the states on the one hand, and amongst different states on the other. So flir twelve Finance Commissions have been set up and each Finance commission Economic Development while suggesting such formulae have been poverty, backwardness, tax effort, fiscal discipline and population. The second mode of transfer of fhds h m the Centre to the states is the grants and loans extended to states for implementing development plans. As you know, while preparing the Five Year Plans the Centre sets targets and investments by different sectors of the economy. Against this backdrop the states prepare their annual plans which is approved by the Planning Commission. The states receive grants and loans h m the Centre which supplement the revenue generated at the state level. The Planning Commission allocates fhds to states as per formula devised by the National Development Council. For major states the ratio of grants to loan is 30:70. The third mode of transfer of h d s h m the Centre to the states is the grants given by central ministries to their counterparts in different states for specified projects. Such projects are wholly M e d by the Centre (under ‘central schemes’) or the states are asked to contribute a proportion of the cost (in the case of 1 ‘centrally sponsored schemes’). The devolution of’fhds from the Centre to the states has been a matter of political economy. The allocation of funds across states, particularly by the Planning Commission and Central Ministries, is riddled with bargaining power of the state government, presence of pressure groups, and political interests rather than balanced economic growth. The grants extended to local bodies by the states is mostly discretionary and no set rule is formulated so far. The adoption of value added tax (VAT) by states in lieu of sales tax has opened up fhxh debates on tax base of the state governments. Check Your Progress 2 Note: i) Space given below for your answers. i) Check your answers with those given at the end of the unit. 1) Explain the three stages of demographic transition. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2) What are the changes. observed in the sectoral composition of GDP-in India? ‘ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 16 3) Explain the concept of disguised unemployment. Features of the IndinEconomy †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4) What are the modes of transfer of h d s h mth e Centre to the States? 5) State whether the followin g statements are true or false. a) Unorganised sector is also called registered sector. b) In developed economies primary sector contributes a large share in GDP. ) Productivity of labour is higher in the tertiary sector than in the primary sector. 17. 9 LET US SUM UP Indian economy is considered to be a developing economy. At the time of Independence the agricultural sector contributed about 50 per cent of the GDP. Over the years its share has decreased to about 22 per cent of GDP which means that the share of industrial and service sectors is increasing. This is a positive development. But agricultural sector employs about 60 per cent of the labour force and this percentage is not declining which is a matter of concern. India is the second largest in terms of population and it is still growing at a very high rate. About one-third of the population in the country are poor. There is considerable underemployment and unemployment in the economy also. The federal nature of government in India requires interaction among different layers of government according to set rules. It is also desirable to achieve consistency between revenue generation and government expenditure to carry out responsibilities at each layer of government. Keeping in view the shortage of funds at the state level the Centre provides grants and loans to the states. India has made radical changes in her economic policies since 1991. Economic libedzation has resulted in setting up of more industries and the level of technology has improved. The annual growth rate of GDP has increased to about 6 per cent ; during the liberalization period. Its export potential also has improved and India Economic Development has a strong fareign exchange reserve. We will discuss the changes in economic policy, popularly termed ‘economic reforms’ in subsequent units. 17. 10 KEY WORDS Constant Prices Disguised Unemployment : Financial Year Gross Domestic Product : (GDP) National Income Per Capita Income Public Sector National income in money terms would increase because of two factors: i) increase in quantity produced, and ii) increase in price of commodities. In order to neutralize the effect of price increase national income is expressed in terms of prices of a particular year, called ‘base year’. When we say that GDP is given in terms of 1993-94 prices, GDP of all the years are adjusted for price changes so that growth in GDP is due to increase in quantity w. A person is considered to be disguisedly nemployed if hisher contribution to total output is zero. Even if we withdraw the worker from work, output will not decline. Let us take an example. For the year 2004, calendar year is from January 1 to December 3 1. On the other hand, financial year 2004-05 is h m April 1,2004 to March 3 1, 2005. It is the total amount of final goods and services produced within the geographical tenitory of the economy. It does not include intermediate goods and service, i. e. , goods and services that are not consumed directly but used for M e r production. Moreover, it does not include second hand sales ecause it does not reflect production; rather it is a change of ownership of goods produced earlier. It is also called ‘net national product’ (NNP). It is the total of final goods and services produced . by Indian nationals (both within the country and residing abroad) minus the amount of dqmiation during the production process. If we add the amount of depreciation to NNP we get GNP. Remember that GNP is different from GDP. In GDP of India we include final goods and sexvices produced within the geographical territory of India (both by Indian and foreign nationals). It is national income divided by total population of the country. , -ha. . It includes the economic activities undertaken by the government. Vicious Circle of Poverty : It reflects a flow of inter-related economic activities that keep an economy under-developed. According to Ragnar Nurkse underdeveloped economies have low rate of saving which gives rise to low rate of investment. Due to low rate of investment, low level technology is employed in production activities. Because of low level of technology, output produced is lower. Consequently, saving is low and the cycle How to cite Features of the Indian Economy, Papers

Minutes of Meeting free essay sample

Alternate Signatory- At a members request, the chairman gave explanation on why the association needs an alternate signatory. Disbursement of $100 fund to our college children- members present after revisiting the issue, deliberated and unanimously agreed to rescind the previous decision to ask our College Children to bring official letter of admission before the agreed sum of $100 could be disbursed. This issue was put into vote, Mr Cyril Amadiegwu moved a motion to rescind the decision seconded by Mrs Ebele Enwerekowe, Issue resolved with 6 members voting for and I against the motion.Majority of members present agreed that the sum of $100 should be given to each of our college children without requesting for official college admission letter. Association Account- members can only sign in and read but cannot tamper with the account. Change of Signatories- While still waiting for Mr Nathan Enwerekowe to bring a sample of drafted letter as previously promised, the house designated the chairmen to go to the bank and find out the requirements needed to change signatories. We will write a custom essay sample on Minutes of Meeting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Absenteeism- Suggestions were made to find out from elected members who do not attend meetings, if they are no more interested in their post.Meeting should be scheduled in their houses and by so doing they will be made to attend . Mrs P Ndumele advised that the meeting hosting, should be done accordingly- ie according to the association’s register. Next meeting- Okechuku and Linda Imeogu will host the next meeting on 6-19-20 If they cannot, JC and Caro Ndumele will host . Mothers day- The men said they will hold conference call to decide on what they can do to appreciate their wives who have been very good backbones to reckon with . This they said is out of the constitution.Summer Cook out- The present said he will check out South Orange and West Orange park and give report during the next meeting. AOB- Any other Business News from Home- Obituaries- Titus Anyawu Died at home- Ubakala- May his Soul RIP. The Nwokos of Nsukwe lost a dear sister here in the USA and the body will be taken home- The president asked if there is anyway this association can help them financially. In reply, the house said that there is no provision for financial help in the constitution . Financial help could be given individually not collectively.Okechuwku and Linda Imeogu- Bought new home and will be visited. Grievances- At this point Juliet registered her grievance as regards the house issue, she said they moved into a new home before the Imeogus but nobody mentioned it. The house apologized and promise to make up. Vote of thanks-Cyril Amadiegwu on behalf of the association thanked the family of Obi and Juliet Ezeigbo for hosting the association. Adjournment-Caro Ndumele moved for adjournment while Ebele Enwerekowe seconded. Closing Prayer-Obi JR Ezeigbo and mrs Patience Ndumele at 6. 45pm.