Development Dynamics Emerging Economy Case Study: India Flashcards

1
Q

India in the world:

A

India is the second most populous nation in the planet (with 1.4 bil. people). It is also the 7th largest economy in the world. It has experienced rapid economic development since economic reforms in 1991, and has been grouped with other rapidly-emerging economies (the BRICS)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is India’s site?

A

Large country located in South East Asia. The tropic of cancer runs straight through it.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is India’s situation?

A

The west coast of India is on the Arabian Sea, whereas the Bay of Bengal and the Indian ocean can be found off to the east. North India shares it’s borders with Pakistan, Bangladesh and China.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is India’s historical relationship with the UK?

A

India was once a British colony, and still has a close relationship with the UK.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is India’s society and culture like?

A

India is the second most populous country in the world.
In 2018, life expectancy for women was 70.3 years and for men, 67.4 years.
The Indian film industry, which includes Bollywood, makes more than 1600 films a year, which are seen by over 2.7 billion people.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are India’s politics like?

A

Member of the World Trade Organisation and the UN.
World’s largest democracy and a federal republic, made up of 29 states.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is India’s environment like?

A

In the north are the foothills of the Himalayan Mountains, and in the south the upland Deccan Plateau. The River Ganges flows through the fertile floodplains in the north-east and out into the Bay of Bengal. The Thar Desert is also located in the north-east.
There are two monsoon seasons (north east monsoon and south east monsoon) these occur at different times within the overall monsoon season of June to October.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is India’s environmental quality like?

A

In 2014, it was ranked 155th out of 178 countries on it’s environmental quality.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is India’s economy like?

A

India is getting rapidly wealthier.
It has GDP of $3.2 trillion (GDP per capita is $2257) , and a GNI per capita of $7130.
(all from 2021)
There is huge economic inequality

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

How have India’s economic sectors changed with its development?

A

The manufacturing sector has rapidly expanded and has been encouraged by the government, which wants to make the country a manufacturing hub and create millions of jobs.
The secondary sector’s contribution to the economy has risen, while the contribution of the primary sector has fallen, leading to an increased migration from rural areas to urban areas, resulting in a more skilled workforce and reduced poverty.
Parts of India’s quaternary sector have grown rapidly, due to the telecommunications network. TNCs have contributed to this change.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is the impact of globalisation in India?

A

The Indian government adopted a pro-FDI policy and opened up its markets to global trade. Foreign companies no longer had to pay high taxes on profits they made. The government reduced controls on how much money could be invested in India from abroad.
In 2005 many TNCs were investing in India (2nd only to china for the amount of FDI it received)
Telecommunications in India saw huge growth because of India’s history as a British colony, therefore English was a commonly spoken language there.
India used to receive ~$200 mil a year from UK in aid, but has been reduced because India has grown so much.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What are the demographic changes in India due to development?

A

Fertility rates have fallen from ~5.2 children per woman in 1971 to 2.3 in 2018. These happened as improvements to education, employment and healthcare increased.
Death rate per 1000 has fallen from 10.59 in 1991 to 7.31 in 2016.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What are the environmental impacts in due to India’s development?

A

Air pollution is a serious problem - 13 of the world’s top 20 most polluted cities are in India, with Delhi being number 1. This is due to a rapid increase in the number of vehicles.
Water pollution - Ganges is highly polluted, which is a major health risk. Pollution is due to untreated human sewage going into the sewers.
Rapid development leads to an increase in greenhouse gas emissions - India is the world’s 3rd largest emitter of co2 after China and USA, as India relies on mainly coal as it’s energy source.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What are the impacts on urbanisation and regional development due to India’s growth?

A

In 2018 1/3 of the population lived in urban areas, compared to only a 1/9 in 1901.
Urbanisation is driven by rural-urban migration; people leaving the countryside to find work in the cities. City growth is driven by the demand for more houses and jobs. India has two of the world’s largest cities, Mumbai and Delhi.
These changes have lead to socio-economic inequalities. In 2018 Goa (India’s richest state, a thriving tourist industry) had a GDP per capita that was 10 times higher than Bihar (India’s poorest state, rural, focused on farming).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

How has international influence affected India’s development?

A

India has become less dependant on aid from the UK and USA.
India is a member of the G20; an influential group of the world’s top 20 most developed countries.
Its stronger economy means it became stronger militarily

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What are the benefits on age and gender due to India’s development?

A

Younger people have benefited from better jobs provided by FDI; they are more likely to migrate to urban areas to work.
Economic development has made more jobs available and the growing middle classes now have access to a range of well-paid secondary and tertiary jobs.
Women have benefited from better healthcare, reducing mortality rate.

17
Q

What are the issues on gender and age due to India’s development?

A

As young people move to urban cities to work, older people get left behind. They are left in charge of grandchildren or left to work the family farm.
Some jobs offer poor pay and working conditions; 21% live on less than $1.90 a day with long working hours.
Indian women are still discriminated against for social and cultural reasons, esp in rural areas.

18
Q

What are the benefits of TNC investment in India?

A

India’s labour force is attractive to TNCs due to low labour costs, high proportion of English speakers, growing middle class and government tax breaks.
TNCs have created many jobs and trained and educated employees.
TNCs pay tax to the government, which can be invested in other improvements (multiplier effect)

19
Q

What are the costs of TNC investment in India?

A

Some TNCs have taken advantage of relaxed environmental laws in India and created lots of pollution.
Economic leakage can occur - profits are sent abroad to the TNCs’ headquarters.
TNCs can produce products that are cheaper and better quality, creating competition with local markets and forcing them to shut down.