Importance of Agriculture in the Indian Economy! Agriculture is not only important but it also provides a base for development. In India, the agricultural sector occupies a vital position in the overall economy of the country as would be clear from the following: i. Share of Agriculture in National Income: Agriculture has got a prime […]
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According to Thomas Shea the four important barriers to economic development in India an context are caste, pattern of land tenure, population growth, and property laws (which lead to fragmentation of landholdings). The basic obstacles pointed out by A.R. Desai (1959:130) are: (a) The social and institutional framework and values inherited from the past (i.e., […]
This article gives you information on : The Role of Guilds and Trade Organisation in the Development of Early Indian Economy! Literary and epigraphic evidence show that Srenis or guilds formed an important feature of economic life of people in ancient India.
Indian economy is an underdeveloped economy because almost all important features of an underdeveloped economy arc still present in Indian economy. Some of these features are discussed below:
Although these objectives together make a good reading, these have often been made the subject of heated debate and discussion.