Poverty Eradication Programmes-How Far Successful? Poverty is the greatest problem India is facing today. Poverty is a curse on Indian society. More than 40% of India’s population lives below poverty line. They do not have enough money to have two meals per day. Various planning and programmes have been introduced to fight this disease but the result has been far from satisfactory. Poverty apart from economic factor has various psychological...

  Fifty Years of Indian Planning Planning is very essential for any nation to achieve economic development. When India attained its independence, it has to face problems like poverty, economic inequality and social inequalities, etc. In order to achieve the goal of economic development, India planned its economy. It went for five years plans started in 1951. Planning Commission and National Development Council were set up. In the last fifty years...

  Impact of Economic Reforms Economic reforms were introduced in India in 1991 to check the declining performance of Indian economy at home and abroad. The measures taken were privatization as a part of liberalization to integrate into the world economy so that India does not fall behind in the process of globalization. Our liberalization remained partial and so was its impact. The economic reforms could not touch the poorest of...

  Problem of Rural Indebtedness in India Indians live in villages and on their betterment depends the success of our democracy. Apart from banning bonded labour, plan for liquidation of rural indebtedness has been mooted out. We can confer human rights and achieve the human purposes by securing economic freedom for the villagers. We must use the energy of the farmers for productive purposes. Till villagers participate in the working of...

Problems and Prospects of Small Scale Industries in India India is facing the problem of unemployment in a big way. To make tie situation worse there is paucity of capital resources and the unemployed cannot start their own industries. Small scale industry can provide the necessary solution. Small scale enterprises, according to the definition given by the government, is an undertaking with a fixed capital investment in plant and machinery not...