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1Introduction The purpose of this report was to investigate Indias economic demographic and cultural characteristics its problems and the existing barriers to development and to suggest possible measure to help India with its problems as it is now considered a lesser developed country 2 Characteristics of India 21 Economic Characteristics 60 of Indias workers are in the agricultural sector as of 1999 This is mainly so that they can produce enough for their own needs and for that of their families with little surplus to trade Their standard of living depends directly on what they produce themselves Only 23 and 17 of the labour force is taken up with occupations in services and industry irrespectively India has a large economy which is determined by its gross national product GNP the value of all goods and services produced in a year But when the countrys huge population is divided into its GNP the GDP per capita per person is only three hundred and seventy US dollars For this reason India is considered a developing country Indias unemployment rate is 88 which is surprisingly low The main reason that India is a lesser developed country is because that many of the of the Indian people can not afford to buy tools and equipment as their savings are not sufficient Because they can not get tools and equipment they can not increase their income so they get caught in the vicious circle of poverty Twenty five percent of India people are below the poverty line 22 Demographic Characteristics India has a population of 1045845226 July 2002 est which makes it extremely overpopulated It is believed that if Indias growth rate continues as it is by 2050 the population will exceed that of China The life expectancy of people living in India is around 63 years of age This figure is so low because around 300 000 people die of aids each year With thousands even millions
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