"SUSTAINABLE ECONOMIC DEVELOPMENT OF INDIA"

Introduction:-

Economic development essentially means a process of upward changes whereby the per capita income of a country increases over a long period of time. Economic Development implies the development of agriculture, industry and service sector resulting in an increase in the per capita income of the country. Economic Development is a process whereby there is a gradual increase in gross domestic product, national income, per capita income, economic welfare of the people and reduction in the economic and financial disparities of the people. Our economy is a mixed economy i.e. private sector, Public Sector and Co-operative Sector. To achieve the growth we have adopted Five year Plans from 1951 and onwards. In 1991 there was a serious position of our economy.  Our economy was entered into liberalization, globalization and Privatization policies.