Structural transformation growth sustainable development from "summary" of Indian Economy: Performance and Policies by Uma Kapila
The concept of structural transformation is essential for achieving sustainable development in the Indian economy. Structural transformation refers to the process of shifting resources from traditional, low-productivity sectors to more modern, high-productivity sectors. This transformation is crucial for fostering long-term economic growth and development. By reallocating resources from sectors with low productivity, such as agriculture, to sectors with higher productivity, such as manufacturing and services, countries can increase their overall output and improve living standards. This structural transformation is necessary to escape the cycle of poverty and underdevelopment that plagues many developing countries. In the context of India, achieving sustainable development requires a significant structural transformation in the economy. Despite the progress made in recent years, India still relies heavily on agr...
Similar Posts
The Ahom dynasty established a strong presence in Assam
The Ahom dynasty, which ruled Assam for several centuries, played a crucial role in shaping the history of the region. The dyna...
Indian literature reflects the country's complex history
The rich tapestry of Indian literature can be viewed as a reflection of the country's tumultuous history. Over the centuries, I...
Climate optimism is a mindset for positive change
Climate optimism is more than just a fleeting feeling or passing trend. It is a powerful mindset that can drive real, positive ...
International trade can accelerate growth through specialization
In the realm of economic theory, the notion that international trade can fuel growth through specialization is a fundamental co...
Indian art and architecture
Indian art and architecture reflect the rich cultural heritage of the country, spanning several centuries and influenced by var...
His determination led to his success in academics
Dr. A.
P.
J. Abdul Kalam's academic success can be attributed to his unwavering determination. Throughout his life, Kalam dis...
Capand-trade systems can reduce emissions
Cap-and-trade systems offer a market-based approach to addressing environmental issues, such as reducing emissions. By setting ...
Rise of BJP and coalition politics
The rise of the Bharatiya Janata Party (BJP) marked a significant shift in Indian politics during the late 20th century. The BJ...
Economic growth is essential for development
Economic growth plays a vital role in the process of development. Development refers to the improvement in the quality of life ...
