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5. Major Problems of the Indian Economy

India faces several critical economic challenges that hinder its growth and development, including poverty, unemployment, population explosion, inflation, income inequality, and poor infrastructure. Each of these problems has distinct causes and effects on the economy, prompting the government to implement various measures aimed at alleviating the issues. Understanding these problems is vital for formulating effective solutions and strategies for sustainable growth.

Sections

  • 5

    Major Problems Of The Indian Economy

    This section discusses the key challenges facing the Indian economy, including poverty, unemployment, population explosion, inflation, economic inequality, and inadequate infrastructure.

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  • 5.1

    Introduction

    India is a developing economy grappling with various challenges that hinder its growth.

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  • 5.2

    Major Economic Problems In India

    This section discusses the significant economic problems faced by India, including poverty, unemployment, population explosion, inflation, inequality, and poor infrastructure.

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  • 5.2.1

    Poverty

    Poverty in India refers to the inability to afford basic necessities, significantly impacting the quality of life and development.

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  • 5.2.1.1

    Government Measures

    This section discusses various government measures implemented to combat main economic problems in India such as poverty, unemployment, inflation, and inequality.

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  • 5.2.2

    Unemployment

    Unemployment in India refers to individuals who are willing to work but are unable to find jobs, influenced by various factors including population pressure and a mismatch of skills.

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  • 5.2.3

    Population Explosion

    Population explosion refers to the rapid increase in population, especially among the working-age group, leading to significant social and economic challenges.

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  • 5.2.4

    Inflation

    Inflation refers to the continuous rise in the general price level of goods and services, impacting purchasing power and particularly affecting the poorer sections of society.

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  • 5.2.5

    Inequality Of Income And Wealth

    This section discusses income and wealth inequality in India, highlighting its causes, effects, and potential solutions.

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  • 5.2.6

    Poor Infrastructure

    Poor infrastructure in India refers to inadequate facilities like transport, electricity, and water supply, which hampers economic growth.

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  • 5.3

    Summary Table

    This section provides a concise summary of major economic problems in India and corresponding government measures.

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References

e9-5.pdf

Class Notes

Memorization

What we have learnt

  • Poverty is characterized by...
  • Unemployment manifests in v...
  • Population explosion impact...

Final Test

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