Question

Give two indicators of underdevelopment of the Indian economy.

Answer 1

Two indicators of underdevelopment of the Indian economy are:

1. Low per capita Income: India has a very low per capita income compared to developed countries, indicating lower average earnings and living standards for its population.
2. Existence of chronic unemployment and underemployment: A large portion of the labor force remains unemployed or underemployed due to rapid population growth and inadequate development of secondary and tertiary sectors.
3.