EMERGING ISSUES IN INDIAN ECONOMY — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsEMERGING ISSUES IN INDIAN ECONOMY3 Marks
Question
Why has urbanization increased rapidly after independence?
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Answer
During the British rule in India our industries were not well developed.
After India became independent, government took several constructive steps
and adopted policies to boost economic growth via. industrialization. This resulted in rise in urbanization.
This rise became extremely sharp after the government adopted the economic reforms of liberalizing industries in $1991.$
Under such reforms and policies the government gave various incentives tor industrial development. This also boosted service sector. All this resulted in faster economic development and urbanization.
Urbanization in the entire world is on the rise due to urbanization. It is estimated that if this growth continues than by $2050\ 2/3rd$ of the total world population will be residing in urban areas.
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