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Indian Economy




                    Notes              public consumption like drinking water, electricity medical and educational facilities.
                                       This has condensed the chances of relaxing a larger amount of incomes to saving and
                                       investment. Therefore, population development has produced problems in the way of
                                       first progress of the economy and retarded the growth of job opportunities.
                                   2.  Limited Land: Land is the gift of nature. It is always constant and cannot increase as
                                       population increases. Subsequently, Indian population growing fast, consequently, the
                                       land is not enough for the growing population. As an outcome, there is substantial stress
                                       on the land. In countryside areas, most of the people rely directly on land for their livelihood.
                                       Land is very restricted in comparison to population. It makes the unemployment condition
                                       for a large number of persons who depend on agriculture in rural areas.
                                   3.  Seasonal Agriculture: In Rural Society agriculture is the only sources of employment.
                                       Still, most of the rural people are promised directly as well as circuitously in agricultural
                                       operation. But, agriculture in India is principally a seasonal affair. It delivers employment
                                       amenities to the rural people only in a specific period of the year.

                                          Example: During the sowing and harvesting period, people are fully employed and the
                                   period between the post-harvest and before the next sowing they remain unemployed. It has
                                   adversely affected their standard of living.
                                   4.  Fragmentation of land: In India, due to the heavy stress on land of huge population results
                                       the disintegration of land. It creates a great obstacle in the part of agriculture. As land is
                                       fragmented and agricultural work is delayed the people who depend on agriculture remain
                                       jobless. This has an opposing effect on the work situation. It also leads to the poverty of
                                       villagers.
                                   5.  Backward Method of Agriculture: You must understand that the technique of agriculture
                                       in India is very diffident. Till now, the rural farmers followed the old farming systems. As
                                       a consequence, the farmer cannot feed appropriately many people by the harvest of his
                                       farm and he is incapable to give his children proper education or to involve them in any
                                       profession. It leads to unemployment problem.
                                   6.  Decline of Cottage Industries: You must understand that in Rural India, village or cottage
                                       industries are the only means of employment specifically of the evicted people. They
                                       depend directly on numerous cottage industries for their livelihood. But, now-a-days,
                                       these are unfavourably affected by the industrial development process. In fact, it is found
                                       that they cannot participate with modern factories in matter or production. As a result of
                                       which the village industries agonise a severe loss and gradually closing down. Due to this,
                                       the people who work in there continue to be unemployed and incapable to maintain their
                                       livelihood.
                                   7.  Defective Education: The everyday education is very substandard and is established within
                                       the class room only. Its main purpose is to obtain certificate only. The current educational
                                       system is not concerned with job, it is degree oriented. It is imperfect on the ground that
                                       is more common than the vocational. Therefore, the people who have receiving overall
                                       education are incapable to do any work. They are to be named as decent for nothing in the
                                       ground that they cannot have any job here; they can find the ways of self-employment. It
                                       leads to unemployment as well as underemployment.
                                   8.  Lack of Transport and Communication: In India mostly in rural areas, there are no
                                       satisfactory amenities of transport and communication. Due to this, the village people
                                       who are not involved in agricultural work are continued unemployed. It is because they
                                       are incapable to start any business for their source of revenue and they are restricted only
                                       within the limited boundary of the village. It is noted that the modern means of transport




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