A Study and Analysis of Concepts and Features of Underdevelopment ...

Research Paper (postgraduate) from the year 2020 in the subject Business economics - Economic and Social History, grade: A, , course: Business Administration, language: English, abstract: The basic problem of the Indian economy is the problem of economic development, i.e., providing the minimum means of subsistence to its fast increasing population. Those who have been susceptible to the view that the problem may always evade a solution may take solace from the fact that another neighboring country, viz., China, has done it and has accomplished the task tolerably well. It has shown that the underdeveloped world is not doomed for ever to live in destination. Economic development is an accomplished fact; the need is to create the environment in which development becomes a self-generating process. In this research paper, we will ascertain the features of under-development, trace the forces that cause underdevelopment and identify the factors that promote development.