WELCOME TO YOU I heartily welcome you to read about few important (Major) causes to explain  why India faced mass poverty.  Apart from this poverty Now a days, India is moving towards achieving economic development. The per capita income, per capita expenditure, ability to pay taxes, education, human resources are all improving. People are becoming more vigillent.  This topic is also important for 11th and 12 grade economics students. ---------- Meaning Poverty can be defined as a social phenomena in which, a session of the people in the society is enable to satisfy even their basic necessities of life. Living standards is also very low, that society is set to be with mass poverty. India is suffering from mass poverty even after 65 years of planning. Still 21.9% of population is below the poverty line.  Generally NITI Aayog is responsible to measure the poverty rates in India. Causes of poverty in India There are number of causes which are responsible for the mass poverty in India. som

WELCOME TO YOU I heartfully welcome you to read this post. In previous posts, We've already written Concepts related to Industries. to read that post: Visit  https://economics-subject.blogspot.com/2021/06/concepts-in-industrial-sector.html With that knowledge we're going to read about:  Meaning of Industries Types, Importance in economic growth major problems faced by the industry, Measures to support and promote industrial growth, How government is involved to support industries. Importance of industries in a country.  Industry Industry is one of the major sector in the economy. It increases employment, efficiency in a labour, promotes regional development, education, infrastructure etc. Simply Industry deals with extraction, conversion and production of goods  Small Scale Industries If the process of manufacturing and production is done in small scale that means on smaller amount, it is called as a small scale industry. It has number of advantages like equal distribution of i

🌺WELCOME TO YOU  I Heartfully welcome you to read this post on the concepts related to territory sector or tertiary sector. Recently I've posted concepts related to agriculture and industrial sector. You can check that also in previous ones. ------------------------------ Territory Sector The territory sector is the 3rd major sector in economy which provides all vital services for the  functioning of the economy. For example, trade, commerce, banking, insurance, personal services  like health, education etc. Friends, improvement in this sector results in a countries development along with adequate infrastructure, agriculture and industrial sectors. It indirectly supports economic development and output. Infrastructure In previous posts we've already discussed about the term infrastructure. irrigation, flood control, power, transport, marketing facilities helps agriculture and rural  development. Mining and manufacturing requires power, transport, banking, communication and  et

WELCOME TO YOU I heartfully welcome you to read this post on analyzing the rate of growth of population Which leads to development of human resource as well as development of economy. Previously I've posted concepts relating to population in economics. Once visit that post for thorough analysis. Lets move forward. ------------------------------ Causes for rapid growth of Population  (population explosion) General reference to India. In India the population is increasing at high rate that is at 1.87 percent per year. According to 2011  senses the total India’s population was 121 crores. Every year in India the population is increasing  that is of 2 crores. If the growth of the population is very high that is called as population explosion.  Causes for rapid growth of population or population explosion in India In India the population is increasing at high rate due to decrease in the death rate and increase in  the birth rates. a. Causes of decline in death rate:  the main causes for

WELCOME TO YOU I Heartfully welcome you to read this post on concepts related to agricultural  sector. These basic concepts will give clear ability to analyze concepts in more productive way. Lets Begin. after --- symbol explanation of that particular concept is written. ------------------------------ Share of agriculture in national income: In 1950 to 1951 the share of agriculture and other sectors in national income of GDP was  56.5%and it declined to 24.7% in 2000 to 2001. And farther to 13.9% in 2012 to 2013. SHARE OF AGRICULTURE IN EMPLOYMENT A very huge force of labours are engaged in agricultural sector. It was 98 millions in 1951, and  increased to 235 millions in 2001. --- India is Well-known for its agricultural methods and engagement. heavy labour force is engaged in agriculture especially in rural areas. Many industries are directly interdependent on agriculture production. Capital Formation Economic development cannot be achieved unless capital formation increases to a hig