Challenges faced

by indian economy

Submitted
to:Prof.sukhpreet
Submitted
by:Sakshi
Roll no:6753
 Meaning of economy
An entire network of producers, distributers,
And consumers of goods and services in a
local , regional or a national community.
Economy is the term used for production and
consumption activities that take place in
nation seeking to efficiently scarce resources
For public benefit.
 Features of economy
Low per capita income
Heavy population pressure
Pre-dominance of agriculture
Unemployment
Low rate of capital formation
Under utilization of resources
Price instability
Poor technology
Major challenges of
indian economy…

Population
corruption poverty
explosion

Low per capita

unemployment
income
 corruption
o When a person does not do his duty in a
honest manner and with morality, we call
him a corrupt person and this practice can
be termed as corruption.
o Corruption is an act by taking undue
advantage of one’s position, power to gain
certain rewards and favours.
o For example: If a teacher is not teaching
properly in a class, this can be called as
corruption as well. This so because
teacher is drawing her payments without
performing her duties properly.
 Categories of
corruption
• Trivial and Grand corruption
• Political and Business corruption
• Chaotic and Organised corruption

• Top corruption
scams in india
• 2G Spectrum scam
• IPL Scandal
• Common wealth Games Scandal
 Causes of
corruption…
Diminishing values in the society.
Diminishing patriotism.
Lack of awareness.
Low literacy rate.
Lack of effective management.
Lack of economic stability.
Lack of effective political leadership.
 Measures to
prevent corruption
Strong and effective leadership.
Responsible citizen.
Loyalty and patriotism.
Promote transparency and access to
information.
Empower citizens.
Change government process.
poverty
 What does poverty
mean?
• Poverty is a condition of an
individual in which his
income is low that he is
unable to feed or shelter
for himself and his family
members. Those who do
have such income are
called poor.
causes of poverty…
1. Rapid population growth rate among
poor.
2. Low rate of economic development.
3. Unemployment
4. Inequalities of income
5. Backwardness of agriculture.
6. Inadequate anti-poverty measures.
7. Inflationary rise in price
8. Political factors
Remedial measures
a) Economic development.
b) Population control.
c) Development of education.
d) Removal of personal disabilities.
e) Comprehensive social security
measures.
 Consequences of
overpopulation…
a) Exhaustion of natural resources.
b) Environmental degradation.
c) Rising unemployment
d) Rising living costs.
e) Pressure on food, clothing and
shelter.
f) Decrease of forest area
 Steps to be taken
to control
overpopulation
• Spreading awareness about
overpopulation.
• Making family planning services
more available.
• Incorporating overpopulation
awareness in school.
• Implementing new government
policies.
per capita income…
• Per capita income is a measure of
the amount of money earned per
person in a certain area. It can
apply to the average per person
income for a city, region or a
country and is used as means of
evaluating the living conditions
and quality of life in different
areas. It can be calculated for a
country by dividing the country’s
national income by its population
 Reasons for low
per capita income…
• Vicious circle of poverty is a major
cause of low per capita income as
developing countries pakistan are
trapped into this circle.
• Other reasons
Unemployment.
Lack of foreign investment.
Backward agricultural sector.
Low rate of savings.
High population growth
 Problem of
unemployment…
conclusion