Economic Development - India 🇮🇳 (+ Types Of Aid) Flashcards
What is India’s population?
~1.3 billion
What political development is happening in India?
India was a British colony until 1947 but now has a democratic government
What social developments are happening in India?
Medium level of development (HDI=0.64)
Large inequalities - some people are very wealthy, but others are extremely poor (20% population live in poverty)
Education is improving - adult literacy rate is 75%
What cultural developments are happening in India?
India has a rich and diverse culture
22 languages (recognised)
Many religions (Hinduism, Islam)
Renowned for ‘Bollywood’ which are exported worldwide
Distinctive music and dancing too
What environmental developments are happening in India?
Varied landscape, Himalayas in north, Thar desert in north west, and large forests
Floodplains of several rivers (Ganges) provide fertile land
Long coastline, attractive tourist destination - development of ports, Mumbai, increasing trade
What is the primary industry like in India?
Employs 42% of working population
Only makes up 15% of GDP (gross domestic product)
What is the secondary industry like in India?
2018 - employs 24% of workforce
Growth of manufacturing industries has stimulated economic development by creating reliable jobs
Employment leads to positive cycle of economic growth, workers spend income in local shops, these shops pay taxes, government can spend more on development (education) which attracts more industry into area
What are the tertiary and quaternary industries like in India?
Employ 34% of workforce (combined)
Due to growth in IT firms and supplying customer service centres
Contribute to 62% of India’s GDP
What is a TNC?
Transnational corporation that operates in more than one country
Where are TNCs located?
Factories located in LICs - cheaper, less regulations, more profit
Offices/HQ located in HICs - people have more administrative skills (better education)
Advantages of TNCs in India
- provide employment - Unilever employs 16,000 people
- pay tax of about 40% of their income (large profit for government)
- some TNCs run programmes to increase development in India (Project Shakti helps poor women become entrepreneurs by providing loans - 75,000 women in scheme)
Disadvantages of TNCs in India:
- some profits from TNCs leave India
- if operations close, jobs are lost (or relocation makes jobs unreliable)
- cause environmental problems (air and water pollution)
- employees get low pay and poor working conditions
How have India’s political relationships changed?
- tension between China, Pakistan and India over land around a border - risk of conflict
- built relationships with other nations in region (Act East Policy) provides security
- India working with bordering countries to build the TAPI pipeline to carry gas from Turkmenistan, through Afghanistan and Pakistan to India
How have India’s trading relationships changed?
- since 1991, reduced barriers to trade by reducing tariffs and forming free trade agreements with Bangladesh, China, South Korea and Sri Lanka - trade in more important and easy
What are the different types of aid?
Short-term
Long-term
Top-down
Bottom-up