1 Dual economy 2 social Dualism 3 Characteristics 4 Implications 5 In india 6 Its implications

1. ASPECTS OF DUALISM IN
INDIA:AN OVERVIEW
TARANJOT SINGH
Group:6 16090

2. Dual Economy
A dual economy is the existence of two separate
economic sectors within one country, divided by
different levels of development, technology, and
different patterns of demand. The concept was
originally created by Julius Herman Boeke to describe
the coexistence of modern and traditional economic
sectors in a colonial economy.

3. SOCIAL DUALISM
According to Prof. Boeke, “Social Dualism is the
clashing of an imported social system with an
indigenous social system of another style. Most
frequently the imported social system is high
capitalism. But it may be socialism or communism
just as well, or blending of them.”

4.  Limited Needs
 More Importance of Social Needs
 Importance to Self Sufficiency
 Unorganized Labor
 Idea of Income is not Suitable
 Lack of Profit Motive
CHARACTERISTICS

5.  Agriculture
 Industry
 Unemployment
 Economic Development
 Absence of Profit Motive
IMPLICATIONS

6. INDIA
 The main problem of lower middle income economies is
unemployment and scarcity of capital.
 In India, since the development process has an urban bias, the
Social dualism is an inevitable consequence in Indian
economy.
 The Social dualism in India can be traced in the coexistence of
advancement of science and Superstitions and cost system,
brain drain and illiteracy etc.

7. INDIA
 One part of Indian economy is ready to adopt the new
international economic order while the other part is lagging
far behind.
 In fact, there is no question about the phenomenon of
dualism in India, yet the solution has to be sought not in a
sociological sense but to be in technological terms.

8. THANK YOU