Important India

Discover India with Important India

  • Home
  • About
  • History
  • Important India
  • Categories
  • TOU
  • Contact Us

Dualism in Indian Economy and Society

On November 1, 2013 By Nitin Singhal Category: Economy of India

Introduction

Dualism mainly refers to economic and social divisions in an economy, such as differences in technology between sectors, differences in the degree of geographic development and differences in social customs and culture.

Dualism can be in shape of geographic, social technological and financial. It would be worth noting that all these types of dualism may occur together, reinforcing each other.

We shall consider here the fact of persistent dualism in the context of Indian economy. The first question is what development problems create the existence of social and economic dualism in India and how dualism retards Indian economic development? We may search the answers in term of the following points:

Social Dualism in India

As far as social dualism is concerned in Indian economy, it is a fact that the indigenous Subsistence sector is always reluctant to alter its traditional way of life and to respond to incentives introduced in the urban economy. In India, since the development process has an urban bias, the Social dualism is an inevitable consequence in Indian economy.

The Social dualism in India can be traced in the coexistence of advancement of science and Superstitions and cost system, brain drain and illiteracy etc. One part of Indian economy is ready to adopt the new international economic order while the other part is lagging far behind.

Technical Dualism

It generates from the gaps in technology between the rural and industrial sectors of the economy, In India on one hand, there is rural sector burdened with disgusted unemployment and using indigenous technology, suffering from lack of capital, on the other hand there is modern industrial sector characterized with capita intensive technology and high wage rate. Whatever foreign investment is attracted, they are also interested in establishing enterprises in modern sector, specifically in consumer goods (luxury cars, fast foods, electronics goods, cosmetics etc). This further aggravates technological dualism between modem and hand Sector.

It would be worth noting here that the mechanization of Indian agriculture, with the objective of rise in productivity, i.e., Green revolution of late 60’s has resulted in mounting disparities in the rural sector of the country. The benefits of green revolution remained concentrated in the hands of the top 10% of rural population whereas the poor peasants, who were lacking in finance, either went for farming in traditional ways or had to sale their lands to the rich farmers. Thus green revolution initiated dualism in India.

Geographical Dualism

It generates from the spatial differences in a wide variety of development indices including per capita income, rates of growth of industrialization and trade, employment, growth rates.

The geographic dualism in India has its roots in the pre-independence period when the foreign rulers concentrated their economic activities in the geographically move favored regions such as Gangetic plane, Deccan trap, Chota Nagpur plateau. It was followed by labor migration, capital movements and trade and retarded the development of the backward regions. Empirical evidences have shown that economic and social forces tend to strengthen the difference by leading to cumulative expression in the favored region at the expense of other regions which become comparatively worse off, retarding these feature development. The reason behind the capital, labor and entrepreneurship will tend to migrate together where the prospective returns is highest.

Related posts:

  1. The Role of Private Sector in Economic Development of India
  2. Features of Indian Economy - 20 Points
  3. Impact of Population on Indian Economy
  4. Importance of Coal in Indian Economy
  5. Impact of Monsoon on Indian Economy
  6. Brief Note on Importance of Industrial Growth in Indian Economy
  7. Ancient Indian Economy
  8. Importance of Agriculture in Indian Economy
  9. Agriculture is the Backbone of Indian Economy

Category: Economy of India

Related Posts

  1. The Role of Private Sector in Economic Development of India
  2. Features of Indian Economy - 20 Points
  3. Impact of Population on Indian Economy
  4. Importance of Coal in Indian Economy
  5. Impact of Monsoon on Indian Economy
  6. Brief Note on Importance of Industrial Growth in Indian Economy
  7. Ancient Indian Economy
  8. Importance of Agriculture in Indian Economy
  9. Agriculture is the Backbone of Indian Economy

Search ImportantIndia.com

Tag Cloud

Women In India Tribal People of India Tradition Tourism Short Moral Stories for Children Science and Technology Rivers in India Pollution Minerals in India Maratha Empire Mahatma Gandhi Indian Festivals Indian Constitution History of Akbar Hinduism Himalayas in India Freedom Fighters of India Family System Education Ecosystem Communication Buddhism Battles and Wars in India Art and Architecture Agriculture in India

Categories

Archives

  • July 2017
  • June 2017
  • May 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • Categories
  • History of India
    • History of Ancient India
    • History of Medieval India
    • History of Mughal Empire
    • Modern History of India
  • Important India
    • Administration in India
    • Indian Constitution
    • Parliament of India
  • Indian Geography
  • Indian Government
  • Indian Literature
  • Blog
  • About Us
  • Report an Article
  • Sitemap
  • Contact Us
  • Terms of Use, Privacy Policy, Cookie Policy, and Copyrights.

Copyright 2013 -2017 · Discover the Importance of India ·