Economic Development In India Flashcards
What is India’s population?
- 1.236 billion
* 2nd biggest in the world
What Development group does India fit into?
NEE
When did India become independent?
1947
What is India’s HDI?
0.61
What is the national disparity like?
It has a medium Gini coefficient of 0.35-0.39
How much of India’s population live in poverty?
Over 20%
What is the adult literacy rate?
Less than 70%
How much of the population work in the primary industry of jobs?
50% but it is decreasing
What % of GDP does the primary sector make up for India?
17%
What % of people work in the secondary industry of jobs?
22%
How is the secondsry industry important to India?
- it provides stable jobs compared to seasonal agriculture
- selling manufactured goods abroad brings more income to India than selling raw materials
- it stimulates economic development
What are the four industries of work?
- primary- agriculture
- secondary- manufacturing
- tertiary- services
- quaternary- research
How much people work in the tertiary and quaternary industries in India?
29%
What % of India’s GDP do tertiary and quaternary industries contribute to?
53%
Advantages of TNCs
- create jobs for poor
- employees in poorer countries get more reliable income
- TNCs speaks money to improve the local infrastructure
- new technology and skills are brought to poorer countries