hire a professional writer here to write you a high quality authentic The Trend Rate Of Growth. Secondly, rapid gender pay gap uk essay economic growth generates more employment opportunities and income enhancing activities of the people, provided labour-saving technologies are not used for production of goods both in the industrial and agricultural sectors. Meaning of Planning: A development plan, however, is not the same as development planning. The poor countries may not find it easy to increase productivity and raise income but it is easy to imitate costly consumption standards. It may also be due to allurement of superior levels of living. The presence or the mere knowledge of new goods and new methods of consumption tends to raise the general propensity to consume. The conflict between the need to save and the desire to consume is intensified by the demonstration effect.
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If modern civilization stands for all this and I have understood it does, I call it satanic. If one or two of these central problems have been growing worse, especially if all three have, it would be strange to call the result development even if per capita income doubled. Could India, as a sizable part of the global economy, act as a holdout? What is even more disturbing that the situation seems to be worsening instead of improving. The following facts evidence that the post-1990s reforms were successful: according to the World Bank report, India superseded Japan upon purchasing power parity (PPP) index, and it is positioned currently as the third biggest economy. Today India may proudly build on the highly qualified manpower in leading sectors of economy moving further in the mainstream of the ongoing reforms to couple these resources with foreign capital, technology, and markets. But post-war history reveals that there have been many more failures than successes in carrying out development plans. The reform processes in the agrarian sector faced fierce resistance on the side of peasantry and small farmer, as these measures led to decline in public expenditure and were mainly targeted towards financing large-scale commercial and capital-intensive contract farming (Ramakumar and Chavan, 2007). Indian movies made in Bollywood took over the screen holding sway over minds of millions of people in the entire region. The reason is not that they are too poor to save but that they are adopting better ways of living seen among the upper classes. Thus in the seventies, the reliance on GDP growth alone to solve the problems of poverty and unemployment was challenged.