Tag: need for sustainable development

Drought prone Area Program was launched in 1973-74. This program is launched by the Central Government of India. This program is launched with the objective of tackling hardships faced by the people living in drought-prone areas.

United Planters' Association of Southern India is an Indian body/company that signed an agreement with China Tea Marketing Association to work jointly towards sustainable development of the tea sector. This organization is the apex body of planters in South India.The Association’s operations cover economic research, market intelligence, industrial relations, liaison, public relations, scientific research and publication.

GDP growth is an indicator of economic growth. GDP growth can be defined as the net increase in the market value of all goods and services produced in an economy. GDP growth helps to analyze the economic growth and economic development of a nation.

Per capita income is obtained by dividing national income by total population of the country per capita income by total population of the country. Per capita income, also known as income per person, is the mean income of the people in a country. 

Despite big investments during the first three Plans, the Living standards of the poor could not be raised and poverty and inequity in distribution of state resources remained stark. Consequently, the period between 1966 and 1969 marked the shift from a 'growth approach' to a 'distribution from growth approach'. Looking at the failures and pitfalls the planners suspended the impending Fourth Plan, which was due in 1966, until 1969 for a revision of objectives and targets. This came to be called as the 'Plan Holiday' extending from 1 April 1966 to 31 March 1969.

Indian economy is a mixed economy.  A mixed economy can be defined as a market system which entails features from both the capitalist economy as well as socialist economy. Decisions in a mixed economy are jointly taken by both the private as well as public sector.

In the field of climate finance, green climate fund has been set up to provide fund for a healthy climate for the people. For this purpose, the Durban Meet in December 2011 was set up. 

Capital formation (investment) brings additional income/production in the economy which enhances growth. Other of the given choices do not lead to 'necessay' growth.