The document discusses economic development in India. It defines economic development as a process that increases real per capita income over time, along with improvements to social and political welfare. The document outlines factors that influence India's mixed economy, including agriculture, industry, services and GDP growth rates from 2000 to 2013. It also discusses concepts of economic growth, sustainable development, and economic and non-economic determinants of development.

1. ECONOMIC
DEVELOPEMENT IN INDIA
N HARIHARAN BCOM CS., DTP., DOA
PARVATHY’S ARTS AND SCIENCE COLLEGE,
DINDIGUL

2. PRESENTATION OUTLINE
MM.DD.20XXADD A FOOTER2
 INTRODUCTION
 CONCEPT OF ECONOMIC DEVELOPMENT
 MAIN ELEMENTS OF ECONOMIC DEVELOPMENT
 FEATURES OF SUSTAINABLE DEVELOPMENT
 CONDITIONS OF SUSTAINABLE DEVELOPMENT
 SIGNIFICANCE OF SUSTAINABLE DEVELOPMENT
 ECONOMIC DETERMINANTS
 NON-ECONOMIC DETERMINANTS

3. INTRODUCTION
MM.DD.20XXADD A FOOTER3
Economic growth deals with an increase in the
level of output but economic development
related to an increase out put with improvement
the social and political welfare with people a
country Therefore economic development
encompasses both growth and welfare values.

4. CONCEPT OF ECONOMIC DEVELOPMENT
MM.DD.20XX4
 Although Adam Smith had examined the problem
of economic development two hundred years ago, yet
it is only for the last 10-15 years that economists took
great interest in the study of the problems of
underdeveloped countries.
 Actually Economic Development refers to that
process by which per capita income and economic
welfare of country increase overtime.

5. ECONOMIC DEVELOPMENT IN INDIA
MM.DD.20XXADD A FOOTER5
 The economic development in India followed
socialist-inspired policies for most of its independent
history.
 Due to being mixed Economy, Economic
of India depends on following factors:-
 Agriculture
 Industrial Output
 Services
 GDP growth rate YEAR GDP RATE 2000 5.6 2001 6.0
2002 4.3 2003 8.3 2004 6.2 2005 8.4 2006 9.2 2007 9.0
2008 7.4 2009 7.4 2010 10.1 2011 6.8 2012 6.5 2013 4.4

6. ECONOMIC GROWTH
MM.DD.20XXADD A FOOTER6
 Economic growth refer to quantitative changes.
 It is a process of growth in the national & per capita
income.
 Acc. to M.C. Connell “Economic Growth may be
defined as an increase in the Economy’s real gross
national product or real national income.”
 Acc. to his den. the production of Larger amount of
Goods & Services signifies growth.
 Acc. to Samuelson “It is a process whereby per capita
real income increases. Per Capita income = National
Income Population

7. MAIN ELEMENTS OF ECONOMIC DEVELOPMENT
MM.DD.20XXADD A FOOTER7
Economic
Development is a
Process.
Economic Development is
increase in Real Per
Capital INCOME
It is a Long Period
Concept.
Absence of Rise in
Poverty and Inequality.

8. SUSTAINABLE DEVELOPMENT
MM.DD.20XXADD A FOOTER8
 There is a new concept of Economic Development
known as Sustainable Development.
 Actually, Sustainable Development is that process
economic development which aims at maintaining
quality of life of both present and future
without harming natural resources and

9. FEATURES OF SUSTAINABLE DEVELOPMENT
MM.DD.20XXADD A FOOTER9
Efficient use of
Natural
Resources.
No Reduction in
the Quality of
Life of the future
generation.
No Increase in
Pollution.
Does not limit
Development.

10. CONDITIONS OF SUSTAINABLE DEVELOPMENT
MM.DD.20XXADD A FOOTER10
Economic development
Conservation of Natural Capital Stock
Reduction in Industrial Pollution
Reduction in Agricultural pollution
Comprehensive Rural Development.

11. SIGNIFICANCE OF SUSTAINABLE DEVELOPMENT
MM.DD.20XXADD A FOOTER11
 Raising the standard of living of the existing
Population.
 Checking any harm to the living standard of the
future generation.
 Protecting the people against Pollution of their quality
of their life and health.
 Conserving environment which is so much necessary
for sustainable development.

12. ECONOMIC DETERMINANTS
MM.DD.20XXADD A FOOTER12
 Quantity And Quality of Natural Resources.
 Physical Capital Resources Increase in Real Saving Mobilization
of Savings or Resources Investment
 Low Capital Output Ratio Capital Output Ratio=K/Y Here, K=
Capital Y= Output or Income
 Large extent of the Market
 Technical Progress
 Growth oriented Economic Agencies
 International Determinants

13. NON-ECONOMIC DETERMINANTS
MM.DD.20XXADD A FOOTER13
 Social Determinants
 Political Determinants
 Religious Determinants
 Freedom from Corruption
 Law and Order Situation
 Aspiration of Development

14. CONCLUSION
MM.DD.20XXADD A FOOTER14
Economic growth define by among the things,
material capital formation, human capital formation
the creation of innovation. Put another way economic
growth and deter main by the amount and type of
capital and labor that are invested , and of now they
utilized for production and innovations.

15. MM.DD.20XXADD A FOOTER15