Table of Contents
- 1 Which sector do you believe as the best for the development of Indian economy?
- 2 Which sector is responsible for economic development?
- 3 Which sector is most important sector and why?
- 4 Which sector is most important for development of the country?
- 5 Which sector will boom in India?
- 6 What should India do to become a developed country?
- 7 When will India become a developed country?
- 8 How can India control inflation to become a developed country?
- 9 How can we improve the economy of India?
Which sector do you believe as the best for the development of Indian economy?
Housing finance companies India is a growing country (in fact the fastest growing country in the world). And housing finances companies or NBFC (Non-banking finance companies) are going to play a crucial role in the growth story of India. This is easily one of the best sectors for long-term investment in India.
Which sector is responsible for economic development?
Services Sector: The sector that benefited most from the New Economic Policy was the services sector. Banking, Finance, Business Process Outsourcing – and most importantly Information Technology services – have seen double – digit growth.
Which sector of Indian economy has highest growth rate?
services
The most important and the fastest growing sector of Indian economy are services. Trade, hotels, transport and communication; financing, insurance, real estate and business services and community, social and personal services account for more than 60 percent of GDP.
Which sector is most important sector and why?
The service sector has become the most important in terms of total production. Most of the working people are also employed in the service sector. This is the general pattern observed in developed countries.
Which sector is most important for development of the country?
Education, Agriculture and Human Resources. Aquaculture (Fisheries) , Agriculture and Education the most important sector to invest for the developing countries to boom their economy .
Which is the primary sector of Indian economy?
Primary Sector Agriculture, Mining, Fishing, Forestry, Dairy etc. are some examples of this sector. It is called so because it forms the base for all other products. Since most of the natural products we get are from agriculture, dairy, forestry, fishing, it is also called Agriculture and allied sector.
Which sector will boom in India?
INFORMATION TECHNOLOGY. The IT sector has been India’s sunshine sector for quite some time now.
What should India do to become a developed country?
What should India do, or achieve,to become a developed country?
- By controlling rapidly increasing population.
- By eradicating poverty.
- By increasing literacy rate.
- By checking unemployment.
- By eliminating pollution.
- By checking the crime rate.
- By adopting zero tolerance against corruption.
Which sector is most important in developed countries?
The service sector
The service sector has become the most important sector of the economy and most of the employed people in the developed countries are employed in this sector.
When will India become a developed country?
‘Most probably’ India will become a sufficiently developed country by 2035 or 2040 having very high level of economic , social , cultural , human , and environmental development . We are leaving you with some more data to get a deeper idea of present state of development of India in different fields :-
How can India control inflation to become a developed country?
So, India must take some effective steps to control inflation if it wants to become a developed country. Various natural resources are found in India like petroleum, coal, iron etc. but the same are not properly utilized.
Can India become a motor for the world economy?
Despite high growth rate, the report stated that India would continue to remain a low-income country for several decades but can be a “motor for the world economy” if it fulfills its growth potential. [6] Goldman Sachs has outlined 10 things that it needs to do in order to achieve its potential and grow 40 times by 2050.
How can we improve the economy of India?
Some of the ways to improve the economy of India are as follows: 1. India should adopt the approach of selectivity in regard to globalisation, liberalisation and privatisation.