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Determinant of Indian Economy

Author

Listed:
  • Dr. Geeta Tomar

    (Part time Lecture in Commerce Department, D. N. College, Meerut)

  • Vivek Gupta

    (Lecturer, S.D. Engineering College, Muzaffarnagar.)

Abstract

The growth rate of Indian economy is 8.1 percent at the end of 2005-06. Illiteracy, general socio-economic backwardness, slow progress in implementing land reforms and inefficient finance and marketing services for farm produce. India has set up special economic zones and software parks that offer tax benefits and better infrastructure to set up business. 57% of the work force is in agriculture, which contributes to 25% of the G.D.P. The difference in growth rate between the forward and backward states was 0.3% (5.2% and 4.9%) during 1980-81 to 1990-91, but has grown to 3.3% (6.3% & 3.0%) during 1990-91 to 1997-98.

Suggested Citation

  • Dr. Geeta Tomar & Vivek Gupta, 2006. "Determinant of Indian Economy," Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 1(1), pages 80-83, April.
  • Handle: RePEc:jct:journl:v:1:y:2006:i:1:p:80-83
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    File URL: http://www.jctindia.org/april2006/v1i1-15
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    More about this item

    Keywords

    stress; employee attraction; pressure; turnover; retention strategies;
    All these keywords.

    JEL classification:

    • A0 - General Economics and Teaching - - General
    • C0 - Mathematical and Quantitative Methods - - General

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