june

1. India is yet to reach in the league of
Developed Nations
Presented By:
Nikita Talukdar
MBA 1st -A

2. Meaning of a “Developed
Country”
• A developed country, industrialized country, or
"more economically developed country" , is a
country that has a highly developed economy and
advanced technological infrastructure relative to
other less industrialized nations. Most commonly, the
criteria for evaluating the degree of economic
development are gross domestic product(GDP), gross
national product(GNP), the per capita income, level
of industrialization, employment, amount of
widespread infrastructure and general standard of
living etc.

3. • India is one of the fastest developing countries in the
world. But the speed of the development is not as good
when compared to the other developed. There are many
other reasons behind the lack in the development criteria
of India such as:
1. Over Population
2. Poor literacy rates
3. Poverty
4. Unemployment
5. Inequality
6. Corruption
7. Innovation
8. Human Development

4. POPULATION
• One of the pressing problems, which India is currently
facing, is its total population size and growth.
• India holds the 2nd rank in the population after China. It
is predicted to exceed 1.63 billion by 2050, which would
overtake China’s estimated population of 1.44 billion.
• There will be a lot of necessity for the resources to be
shared among the people of the country.
• The major fact is that there should be resources available
for the same to be distributed among the people.
• Population size, therefore, is a significant issue for India
to address in order to ensure its prosperity and security on
a national level.

6. ILLITERACY
• India currently has the largest illiterate population. The
current literacy rate of India is 74.04%. Literacy in India
is a key for socio-economic progress.
• There is a wide gender disparity in the literacy rate in
India: effective literacy rates (age 7 and above) in 2011
were 82.14% for men and 65.46% for women
• The low female literacy rate has had a dramatically
negative impact on family planning and population
stabillisation efforts in India
• It is due to illiteracy that a common person is not able to
exercise his or her rights and lead a dignified life

7. • Due to their inability to interpret the government's
development schemes, the illiterate people miss the
chance of being benefited by them. These schemes thus
fail to produce tangible results. Illiteracy leads to
ignorance, which in turn, leads to superstition.
• Though, the Overall literacy has gone up due to scheme
like Sarva Shiksha Abhiyan and higher enrolment in
schools in the 10 years. Prior to this, many did not have a
chance to enter a school, especially in remote areas.
• Illiteracy is the major milestone in the path of
development of India.

8. POVERTY
• India suffers from substantial poverty. In 2012, the Indian
government stated 21.9% of its population is below its
official poverty limit.
• Poverty leads to the downfall of the economy and is an
obstacle in the way of the development of a nation.
• A country cannot prosper without its economical and
human resources.
• The corruption in the country in turn leads to poverty
which ultimately results in the downfall of an economic
power.
• The growth of population also eventually leads to the
great problem of poverty

9. • High population growth rate is one of major reasons of
poverty in India. This further leads to high level of
illiteracy, poor health care facilities and lack of access to
financial resources
• Also, high population growth affects the per capita
income and makes per capita income even lower.
• Ever increasing prices of even basic commodities is
another reason of poverty. A person below the poverty
line finds it difficult to survive.
• Caste system and unequal distribution of income and
resources is another reason of poverty in India.

10. UNEMPLOYMENT
• Unemployment means a person willing to work but
unable to find a qualified job. It is one of the serious
problem is of India.
• Due to unemployment we are wasting our country’s
human resource.
• According to the Global Employment Trends 2014 the
unemployment rate has raised to 3.8%, last year it was
3.7%.
• The International Labour Organisation (ILO) has said in
the recent report that India has shown rise in the
unemployment in the last two years.

11. • The problem of unemployment is rising but still many
industries are facing the problem of skilled candidate for
their company. There is a boom of software companies,
Outsourcing companies in India, but still facing the
problem of unemployment.

12. CORRUPTION
• Corruption is widespread in India. India is ranked 85 out
of a 174 countries in Transparency International's
Corruption Perceptions Index.
• Not only does corruption in India worsen poverty, it also
drags the whole country’s development down by stealing
its resources.
• Government is taking so many initiatives for poor's, but
due to corruption these are not reaching to them.
• Yet, India’s been developing and it’s become important to
polish its image especially to reassure investors of the
stability of the Indian market because corruption also
affects investment and market stability by increasing
uncertainty.

14. INEQUALITY
• For a developed country it is necessary that the resources
should be equally shared among the people of the country.
In this case because of the drastic increase in the
population the resources are not shared properly.
• Since the resources are not shared properly among the
people. Every section of society is not able to enjoy the
facilities and providing of government equally.
• According to the Organisation for Co-operation and
Economic Development, the doubling of income
inequality has made India one of the worst performers in
the category of emerging economies.

15. INNOVATION
• Innovation is the factor which economists believe would
be the driver of future growth.
• The level of innovation in a country is determined by the
level of research and development (R&D) taking place as
well as the recognition of that R&D by filing patents on
time.
• In the global list of countries ranked according to the
filing of patents, India ranked 7th with 43,955 patents in
2012.
• However, 78% of these patents were filed by NRIs which
means that only 22% of the patents were indigenous.

16. • It is because of the low level of research and development
in the country.
• While countries like Japan and South Korea spends
3.67% and 4.36% of their GDP respectively, the R and D
expenditure in India is less than 1%.

17. HUMAN DEVELOPMENT
• Since GDP is not the sole criteria of per capita of income.
Realising this fact, the United National Development
Programme has started releasing the Human Development
Index (HDI), which is a composite index of development
measured on the basis of per capita GDP (the economic
indicator), life expectancy (health indicator) and gross
enrolment ratio (indicator of literacy).
• In the Human Development Report (HDR) of 2014, India
was ranked 135 among 187 countries that were ranked on
the basis of HDI.
• As per the HDI, India is a medium development country.

19. PER CAPITAGDP
• Though GDP is not accepted as the sole indicator of
development but everyone agrees that it is one of the
most important criteria to check the level of economic
development in a country.
• India has displaced Japan to become the world's third
biggest economy in terms of purchasing power parity
(PPP), according to a World Bank report.
• According to the World Bank, the rank in per capita
income GDP of India in year 2015 is 127.There is no
denying of fact that India had to miles to go to put its
foot in the league of developed countries on the basis of
GDP per capita.

20. • India's share in World GDP in terms of PPP was 6.4%
in 2011 compared with China's 14.9% and the US'
17.1%, the latest ICP showed. The survey covered 199
economies
• Despite high inflation in India in recent years, prices
in the country are still well below those in advanced
economies, explaining the higher ranking for India on
the PPP measure.
• But according to the International Monetary Fund
(IMF), India's economy is 12th largest and only about
a third of Japan's in terms of absolute unadjusted
dollars.

21. CONCLUSION
• The critical challenges India faces today can only be
overcome through communication and cooperative
initiatives between the people of India and the
current political administration. Once both parties
recognize that these critical problems of population,
corruption, and literacy rates need to be addressed,
only then can India truly begin to successfully
develop. If these issues go unaddressed, India might
encounter severe consequences that can result in
potential and permanent damage to India’s chance of
becoming a developed nation.

22. THANK YOU