Determinant of Indian Economy
Journal Title: JOURNAL OF COMMERCE AND TRADE - Year 2006, Vol 1, Issue 1
Abstract
The growth rate of Indian economy is 8.1 percent at the end of 2005-06. Illiteracy, general socio-economic backwardness, slow progress in implementing land reforms and inefficient finance and marketing services for farm produce. India has set up special economic zones and software parks that offer tax benefits and better infrastructure to set up business. 57% of the work force is in agriculture, which contributes to 25% of the G.D.P. The difference in growth rate between the forward and backward states was 0.3% (5.2% and 4.9%) during 1980-81 to 1990-91, but has grown to 3.3% (6.3% & 3.0%) during 1990-91 to 1997-98.
Authors and Affiliations
Dr. Geeta Tomar, Vivek Gupta
Keywords
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