Indian Economy

1. Underdeveloped

1.1. Low Per Capita Income

1.2. existence of gross inequalities

1.3. Massive poverty

1.4. agrarian economy

1.5. population profile

1.6. Unemployment and underemployment

1.7. scarcity of capital

1.8. traditional and outdated means of production

1.9. poor quality of human capital

1.10. resources not fully used

1.11. inadequate infrastructural facilities

1.12. low standard of living

1.13. low quality of life

1.14. social structure and value system - rigid

2. Developing

2.1. Increase in National Income

2.2. Change in composition of national income

2.3. Upward Trend in output

2.4. change in Agricultural Practices

2.5. Change in Industrial scenario

2.6. Increase in Saving and Capital formation

2.7. Expansion of Infrastructure

2.8. Development in Science and technology

2.9. Growth in educational and health facilities

3. past

3.1. backward

3.2. traditional and stagnant

3.3. extremely low per-capita income

3.4. very low standard of living

3.5. high levels of unemployment and poverty

3.6. small industrial base

3.7. dependent on low-productive, semi feudal agriculture

4. Mixed

4.1. coexistence of public and private

4.2. role of government plays a visceral role in both sectors

4.2.1. task of industralization

4.2.2. massive rate of investment

4.2.3. infrastructural increase

4.2.3.1. transport

4.2.3.2. energy

4.3. various regulations

4.4. Privatization

4.4.1. liberalization

4.4.1.1. globalization