Important Challenges and Prosperous of Indian Economy: Reference to Agriculture Sector
The basic characteristics of underdeveloped countries discussed in research paper might as well be regarded as
the obstacles to economic development. Even thought the general characteristics of underdevelopment are not common to all
the under developed countries. Yet broad answer to the Question why a poor country is poor is implicit in these
characteristic. A number of these characteristics are both the causes and consequence of poverty, unemployment, education,
health care, price control, agriculture, industry, service sectors. The above factors analyze the causative relationship that
Each and every citizen of the country has a right to lead a decent life. Everybody must be able to fulfill minimum needs such
as food, health care, housing basic education etc. However, India is a poor country where a large section of the population
cannot afford all there. The matter is made worse due to the fact that our economy does not provide adequate employment
opportunities so that poor people cannot get jobs and earn income. Hence eradication of poverty and unemployment is a
major challenge before the economy similarly higher quality of life is achieved by getting proper education and health care
Agriculture is a basic occupation. It is the oldest business in the world and nearly two thirds of the population of the worlds
is dependent on agriculture for it livelihood. Agricultural progress is normally regarded as a prerequisite of economic
development. Agriculture is the foundation on which the entire superstructure of the growth of industrial and other sectors of
the economy has to stand.
Industrialization plays a crucial role in the economic development of a country. Industrialization means development of
industries, mining power plants, transport etc. It is a continuous process of creation and growth of factors, mills, mines,
power plants etc. In a developing country like India building up of industries is essential without the development of
industries economic development is impossible in fact, industrialization. It is in this context service sector together play
crucial role indeed services have grown an important in Indian economy. Today majority of population earn their livelihood
from service sector. Service sector is “Tertiary Sector” of Indian economy. It covers a wide range of activities like banking
and finance, insurance, tourism and transportation, trading construction and related activities, Education, information
technology, software services and on.
Keywords— Agriculture, Education, Information, Software, Tertiary, Livelihood, Self Sufficient.