What are the factors that affecting Indian economy?

Answer 1

growth rate of national income ,

Inflation

Interest rates

Budgets

Infrastructure facilities

Monsoon and agriculture

Economic and political stability

Savings and investment

The tax structure

Demographic factors like education , occupation , income level of people

Answer 2

Affluence: per capita increase in income: from Rs. 238 in 1950 to Rupees 11934 in 1998 is an indicator of increase in general affluence levels.( Pest control, personal security, interior design).

Leisure time: People have some spare time for travel and holidaying. Hence travel agencies, resorts, hotels, entertainment. Others would like to use this time to enhance their career prospects. Hence education, distance learning, part - time courses.

Life expectancy: Health programmes have contributed significantly to increase in life expectancy, hence old age homes, nursing homes, health care, insurance etc.

Working Wives: Increase in numbers of working women has triggered an increase in day care facilities for children, packed food and home delivery.

Product Complexity: Growth of a large number of products that can only be serviced by specialized persons e.g washing machines, water purifiers, home computers etc. needing after - sales service, maintenance etc.

Life's complexity: As daily routines get busier, individuals find it difficult to manage things on their own. Hence tax consultants, legal advisors, insurance consultants, property advisors etc.

Resource scarcity and ecology: With depleting Natural Resources, need for conservation increases. Hence pollution control agencies, car pools, water management etc.

New products: IT has given rise to PCOs, pager service providers, web shoppers etc.

The contribution of the Services Sector in the Indian GDP has also increased very rapidly as many foreign consumers have shown interest in the country's service exports. This is due to the fact that India has a large pool of highly skilled, low cost, and educated workers in the country. This has made sure that the services that are available in the country are of the best quality. Foreign companies seeing this have outsourced their work to India especially in the area of business services which includes business process outsourcing and information technology services. This has given a major boost to the Services Sector in India, which in its turn has made the sector contribute more to the India GDP.

The contribution of the Services Sector in India GDP has increased a lot in the last few years. The Services Sector contributed only 15% to the Indian GDP in 1950. Further the Indian Services Sector's share in the country's GDP has increased from 44% in 1990- 1991 to 51% in 2005 and around 55% in 2006-2007. Thus the Services Sector in India accounts for over half of the country's GDP. The Indian Economy is the second fastest growing in the world. GDP growth rate was 9.4 % in 2006-2007.Presently about 8.9%. The economy is the 12th largest in the world (GDP =USD 1.09 trillion in 2007). India ranks 15th in the services output and it provides employment to around 23% of the total workforce in the country

Answer 3

Discriminating between a boy-child and girl-child is one of the reasons of large population in India.

Every Indian man or woman wants a 'vaarish' (a heir) to the family. In India it is obviously the boy who inherits his father's wealth,the family title and other family heirlooms. Girls are often married away given little or abundant dowry depending upon the father's wealth.

The responsibility of taking care of the parents falls on the son. So parents in India yearn for a son.

The parents rejoice once a boy child is born into the family. But when a girl-child is born they consider her as a burden and mourn deeply. So they think they need to go for a son.This happens so often that at one stage a family might have even six to seven daughters!. So, the want of one son produces many daughters.

Child labor is another cause for increase in population. Poor parents produce many offspring so that their children can work and bring money to the family. As a result many young children across India are forced to work hard in match box factories and many other establishments.

Alcoholism and illiteracy also play a major role in the rise in population. peasants who are illiterate and drunk are not aware of Birth Control methods and precautions against pregnancy.

Last but not the least there is an age old belief that children are gifts from god and aborting them is against god's will.

Read more: Why_is_India's_population_growing_so_rapidly

Answer 4

for job traning and a better carer for the young ones! * * * *

Answer 5

The climate and landscape of most of India provides high fertility which means lots of agriculture and food production. As a result the population grows at an unsustainable number.

Answer 6

Due to outsourcing and its links with other countries.

Outsourcing means to send part of your company overseas. Many call centres now locate in India