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Answer to Question #67055 in Other Economics for Manish

Question #67055
1- Discuss the role and scope of a well developed capital market in the growth process of an
economy.

2- What do you mean by ‘sustainable development’? Do you think that sustainable
development is possible in the present growth scenario in India?

3- In a developing country like India being employed itself does not ensure a decent
standard of living? Do you agree? Give reason in support of your answer.

4- Critically examine major institutional obstacles coming in the way of improving the
conditions of Indian agriculture.

Expert's answer
1- A well developed capital market provides more capital for new investment, creation new firms, developing of new industries etc in the growth process of an economy.
2- Sustainable development is the organizing principle for meeting human development goals while at the same time sustaining the ability of natural systems to provide the natural resources and ecosystem services upon which the economy and society depends. We think that sustainable
development is possible in the present growth scenario in India.
3- In a developing country like India being employed itself does not ensure a decent
standard of living, because when there is no work and other abilities to earn money, people will be poor.
4- The major institutional obstacles coming in the way of improving the conditions of Indian agriculture are lack of technological improvement and machine work, unskilled workers, bad infrastructure etc.

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