commodities rose by more than 300 per cent in comparison with the per capita income in the past one year. The prices are soaring up more than the income in India. The middle class are being hit hardly with the price rise. According to a study‚ the prices of eight essential commodities such as wheat‚ pulses‚ tea‚ coffee‚ sugar‚ spices and non-vegetarian products has increased at an average of 19 percent in the last one year. However‚ the household incomes have increased at the rate of 6 percent
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iii)Problem of Unemployment There will be a huge problem of unemployment and underemployment with the increase in the population as additional jobs created could not keep pace with the growth rate. iv)Poverty and Low Standard of Living Low level of per capita income reduces the purchasing power of the people making them poor.They cannot arrange for the proper education of the children resulting in the lower standard of living. v)Inflation It has been seen that prices of basic food items rises due to the
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dramatic success as agriculture production hiked‚ national income went up by 18%‚ per capita income by 11% and per capita consumption by 9%. • 2nd Five Year Plan (1956-61) It projected towards the agriculture programs and to meet the raw material needs of industry‚ besides covering the food needs of the increasing population. The Industrial Policy of 1956 was socialistic in nature. The planaimed at 25% increase in national income. Second Five Year Plan showed a moderate success. Agricultural
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INSIGHT Have Gujarat and Bihar Outperformed the Rest of India? A Statistical Note R Nagaraj‚ Shruti Pandey In the popular and media imagination‚ fed by economists and columnists‚ Gujarat and Bihar have both recorded an extraordinary economic performance in the past decade. But a careful analysis shows that Gujarat‚ always one of the richest states‚ has done no better than before. In neither industry nor agriculture has its position radically changed. The only dramatic difference
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only on distance’s geographical dimension. Consider three other dimensions as well: cultural factors (religion‚ race‚ social norms‚ language); administrative factors (colony-colonizer links‚ currencies‚ trading arrangements); and economic factors (income‚ distribution-channel quality). The more two countries differ across these
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Country Report 1. What is the population? What is its average population density? Population is 32‚021‚856 people. The Population density is 136 per square mile. 2. What is the general climate? Its’ precipitation? Its’ temperature ranges? The general climate of Kenya is divided into two almost equal parts by the equator. The region North of the equator is hot and dry and receives comparatively little rain. The Southern region falls into three different weather/conditions zones: The coast is more
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poor prioritization of construction of farm to market roads that limits investment in potential areas. Long transport time of these goods decrease the income generated from these investments. 2. What challenges and gaps continue to deter the country’s rise as one of Asia’s newest economic tigers? • Decrease and stagnation of per capita income • Inequality of opportunities – for instance in literacy rate‚ high number of human resource but they opt to work for other countries‚ market opportunities
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nutrition‚ health care‚ education‚ clothing and shelter‚ because of the inability to afford them. A review of empirical studies suggests that the concept of poverty as absolute deprivation continues to be of primary relevance in countries where per capita income is low and the incidence of poverty is
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through redistribution. II. Community Needs The question is how to minimize such wastage by distributing it to those who will appreciate the “underutilized” economic value of surplus breads. Beneficiaries defined by households whose average per capita income range between S$0 – S$200‚ with many of them relying on hand-outs from friends and family. They are either single parent families with one parent either deceased‚ in prison or in drug rehabilitation; single mothers; families with a member with
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Poverty Poverty remains a serious concern in Pakistan. A large segment of the population lives in poverty. According to the rebased GDP numbers‚ the per capita income comes to US$720. Poverty rates‚ which had fallen substantially in the 1980s and early 1990s‚ started to rise again toward the end of the decade. More importantly‚ differences in income per capita across regions have persisted or widened. At the time of independence Pakistan suffered an unjust wealth distribution which marked its development
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