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Characteristics of Indian Economy as an Underdeveloped Economy:


Characteristics of Indian Economy as an Underdeveloped Economy:

Discuss Characteristics of Indian Economy as an Underdeveloped Economy: within the Marketing Management forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; India is an underdeveloped economy. Its is a vast country having an area of 3.3 million sq. km. It has ...

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Abhijeet S
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Characteristics of Indian Economy as an Underdeveloped Economy: - October 2nd, 2010

India is an underdeveloped economy. Its is a vast country having an area of 3.3 million sq. km. It has almost 5,76,000 villages. The population of India is widely scattered over villages and towns.

Nearly 75% of the population lives in rural & semi urban areas, while the rest lives in towns. There is doubt that the bulk of its population lives in conditions of misery.


Poverty is not only acute but is also a chronic malady in India. At the same time, there exist unutilized natural resources.

It is, therefore, quite important to understand the basic characteristics of the Indian economy, treating it as one of the underdeveloped but developing economies of the world.
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Re: Characteristics of Indian Economy as an Underdeveloped Economy: - June 1st, 2015

Hello Abhijeet, I just read all the above description but, I didn't saw any characteristics, only few lines but no wonders, here are some features of an underdeveloped economy. However, India is not under developed, it is at a developing stage.

Features of Indian as an Underdeveloped Economy

1. Low Income
2. Predominance of Agriculture
3. Rapid Population Growth Rate and High Dependency Ratio
4. Mass Poverty
5. Unemployment and Underemployment
6. Inequality
7. Scarcity of Capital
8. Low Level of human Development
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