Talk:Economic development in India

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This article was the subject of a Wiki Education Foundation-supported course assignment, between 29 August 2019 and 5 December 2019. Further details are available on the course page. Student editor(s): SameerSap99. Peer reviewers: SwayamBhatia.

Above undated message substituted from Template:Dashboard.wikiedu.org assignment by PrimeBOT (talk) 20:04, 16 January 2022 (UTC)

GA failed
All the down below issues have been discussed and addressed Sources
 * Needs to be formatted consistently. Some sections are not referenced at all.

Writing
 * First sentence in the article does not make sense. Fourth largest economy? How is “economic development” ranked?


 * Things like 5-year-plans are mentioned, but not explained or linked. “Liberalisation is mentioned but we are not told of what the reforms were and when they happened.
 * ”India ranks second worldwide in farm output” sentence is repeated twice in the same section
 * Can the significiance of the cattle population be expanded. Are they used for economic purposes. I suppose for meat, not much at all.
 * Some cases of % and then “per cent”. Consistency.
 * Prose is not well written. In general, the article needs a copyedit
 * ”relative to other banks in comparable economies in its region” ?? India’s economy is much bigger than others in the region (South Asia).
 * Some of the stuff in brackets should be reworked into the sentence so that it flows better. Eg, “which is the second-largest amount in the Asia-Pacific region (behind China)” – the brackets is unnecessary
 * Future predictions is written in the body as fact.

MISSING INFO
 * Social inequality and tension is mentioned in the lead but is not expanded below. A main part of economic development ideology is to increase literacy andeducation levels to empower the individual and so forth. Things like the literacy rate and child labour and so forth are not discussed. Child labour and/or sweatshops is a major issue and are not discussed.
 * In this age, shouldn’t there be something about the environment? Like clean energy, trying to develop without increasing air pollution. Environmental impact is important since at the rate of economic growth that India enjoys, it will be a leading emitter of greenhouse gases soon.
 * Corruption and red-tape should be discussed. It is always a consideration in studying economic development

Best regards,  Blnguyen  ( bananabucket ) 00:23, 31 October 2007 (UTC)

References needed
"During the Internet bubble that led up to 2000, heavy investments in undersea fibre-optic cables linked Asia with the rest of the world. The fall that followed the economic boom resulted in the auction of cheap fiber optic cables at one-tenth of their original price. This development resulted in widely available low-cost communications infrastructure. All of these investments and events, not to mention a swell of available talent, resulted in India becoming almost overnight the centre for outsourcing of Business process.[20]" This reference doesn't check out on any level. 104.61.212.112 (talk) 03:31, 29 April 2016 (UTC)

This article is full of grand statements with no refs. Please provide most needed ref or statements will be removed. --Kaio™ 21:54, 3 December 2007 (UTC)
 * pls be specific. what all statements do you want for citatation. thanks, Sushant gupta (talk) 08:46, 5 December 2007 (UTC)

Unless there are some other quotes that need sourced, we should remove the flag. 67.42.160.86 (talk) 05:36, 13 December 2007 (UTC)guest

Here are some of the statements which need to be supported. Some are sandwiched between two referenced statements and some are not referenced at all. I will spend some time this week to help with providing some citations for them.


 * Economic development in India
 * ✅India faces a burgeoning population and the challenge of reducing economic and social inequality. Poverty remains a serious problem, although it has declined significantly since independence. Official surveys estimated that in the year 2004-2005, 27% of Indians were poor.

I added a source from the CIA factbook, for this section. I wasn't sure how to add the hyperlink, so here it is https://www.cia.gov/library/publications/the-world-factbook/geos/in.html 63.227.130.53 (talk) 04:57, 8 December 2007 (UTC)Guest


 * Agriculture
 * ✅ India is the largest producer in the world of milk, cashew nuts, coconuts, tea, ginger, turmeric and black pepper. It also has the world's largest cattle population (193 million). It is the second largest producer of wheat, rice, sugar, groundnut and inland fish. It is the third largest producer of tobacco. India accounts for 10% of the world fruit production with first rank in the production of banana and sapota.


 * Research and development
 * ✅ The Indian Agricultural Research Institute (IARI) established in 1905, was responsible for the research leading to the "Indian Green Revolution" of the 1970s. The Indian Council of Agricultural Research (ICAR) is the apex body in agriculture and related allied fields, including research and education. The Union Minister of Agriculture is the President of the ICAR. The Indian Agricultural Statistics Research Institute develops new techniques for the design of agricultural experiments, analyses data in agriculture, and specializes in statistical techniques for animal and plant breeding. Prof. M.S. Swaminathan is known as "Father of the Green Revolution" and heads the MS Swaminathan Research Foundation. He is known for his advocacy of environmentally sustainable agriculture and sustainable food security.
 * ✅ Currently, in 2007, banking in India is generally fairly mature in terms of supply, product range and reach-even though reach in rural India still remains a challenge for the private sector and foreign banks. In terms of quality of assets and capital adequacy, Indian banks are considered to have clean, strong and transparent balance sheets relative to other banks in comparable economies of Asia. The Reserve Bank of India is an autonomous body, with minimal pressure from the government. The stated policy of the Bank on the Indian Rupee is to manage volatility but without any fixed exchange rate-and this has mostly been true.


 * Banking and finance
 * ✅ Currently, India has 88 scheduled commercial banks (SCBs) - 28 public sector banks (that is with the Government of India holding a stake), 29 private banks (these do not have government stake; they may be publicly listed and traded on stock exchanges) and 31 foreign banks. They have a combined network of over 53,000 branches and 17,000 ATMs. According to a report by ICRA Limited, a rating agency, the public sector banks hold over 75% of total assets of the banking industry, with the private and foreign banks holding 18.2% and 6.5% respectively.

These sources all came from anouther source used, So I copied the link 63.227.130.53 (talk) 05:24, 8 December 2007 (UTC)Guest
 * Oil
 * ✅ During 2006, India consumed an estimated 2.63 million bbl/d of oil. EIA estimates that India registered oil demand growth of 100,000 bbl/d during 2006. EIA forecasts suggest that country is likely to experience similar gains during 2007 and 2008.


 * ✅ However, to date, only a handful of oil fields are being controlled by foreign firms. India’s downstream sector is also dominated by state-owned entities, though private companies have enlarged their market share in past recent years.


 * ✅ While GAIL’s domination in natural gas transmission and allocation is not sure by statute, it will continue to be the leading player in the sector because of its existing natural gas infrastructure.


 * Corruption
 * ✅ India still ranks in the bottom quartile of developing nations in terms of the ease of doing business, and compared to China, the average time taken to secure the clearances for a startup or to invoke bankruptcy is much greater.


 * Future predictions
 * ✅ Information technology (IT) and IT-enabled services (ITES) output will grow rapidly in the upcoming period, owing to India's cost advantages in these sectors.


 * Prediction by Goldman Sachs
 * ✅ Goldman Sachs has made these predictions based on India's expected growth rate of 5.3 to 6.1% in various periods, whereas India is registering more than 9% growth rate.--Kaio™ (talk) 22:19, 5 December 2007 (UTC)


 * i am on a wikibreak. i will solve this issue later. Sushant gupta (talk) 13:04, 6 December 2007 (UTC)

Wrong information
'''it is not wrong it is updated info. Sushant gupta (talk) 08:22, 11 January 2008 (UTC)''' In fact, India ranks 13th by (2006 International Monetary Fund) and 12th by (2006 the World Bank). Please make clear the different between GDP and PPP rank.
 * ✅ India ranks fourth with respect to gross domestic product GDP...
 * upgraded up till 2007. Sushant gupta (talk) 08:20, 28 December 2007 (UTC)

All this statement is referenced to Goldman’s report, while this report did not mention anything about India registering 9%growth. Please provide citation or delete.
 * ✅ Goldman Sachs has made these predictions based on India's expected growth rate of 5.3 to 6.1% in various periods, whereas India is registering more than 9% growth rate.

Happy editing--Kaio™ (talk) 21:37, 19 December 2007 (UTC)

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"Good article" candidate
I am currently reviewing the article. Axl (talk) 16:15, 14 February 2008 (UTC)
 * I haven't looked at in a long while, but will try and answer some of the questions that don't require intimate knowledge of its current state. Relata refero (talk) 10:25, 15 February 2008 (UTC)


 * ✅ This sentence is from the "Agriculture" section: "However, international comparisons reveal that the average yield in India is generally 30% to 50% of the highest average yield in the world." What does "highest average yield" mean? Axl (talk) 16:15, 14 February 2008 (UTC)
 * I suppose it means that if you compare average yields for a particular crop across various areas where it is cultivated, the highest of those is the benchmark. India, on average, has a yield that's under half of that maximum. Relata refero (talk)
 * Ah, thanks for the explanation. The way this is phrased in the article is ambiguous. Also, I don't think that the highest yield is a good benchmark. It is, by definition, an extreme value. It would be more useful to compare India's yield to the median yield. Axl (talk) 13:11, 15 February 2008 (UTC)
 * i have removed the statement for a time being. if needed i will add something sufficient. the statement was picked from the article economy of india. Sushant gupta (talk) 07:36, 21 February 2008 (UTC)


 * ✅ In the "Agriculture" section, are there references for cattle population, wheat, rice, sugar, groundnut, inland fish, tobacco, fruit, banana and sapota? Axl (talk) 16:18, 14 February 2008 (UTC)


 * ✅ Is there a reference for Swaminathan, "Father of the Green Revolution"? Axl (talk) 16:21, 14 February 2008 (UTC)
 * The M. S. Swaminathan article includes a reference from Time's 1999 100 Most Influential Asians of the Century issue which uses the phrase. Relata refero (talk)


 * ✅ From the "Industrial Output" section: "They together account for 27.6% of the GDP...". Who/what together accounts for this? Axl (talk) 16:23, 14 February 2008 (UTC)


 * ✅ Again, from the "Industrial Output" section: "Economic reforms brought foreign competition...". When were these reforms? Axl (talk) 16:24, 14 February 2008 (UTC)
 * These reforms. If it is't obvious from the article that there were massive reforms in 1991, that in itself is reason for it to fail GA, in my opinion. Relata refero (talk)


 * ✅ In the "Services" section, this long sentence needs to be broken: "The growth in the IT sector is attributed to increased specialisation, availability of a large pool of low cost, but highly skilled, educated and fluent English-speaking workers (a legacy of British Colonialism) on the supply side and on the demand side, increased demand from foreign consumers interested in India's service exports or those looking to outsource their operations." Axl (talk) 16:34, 14 February 2008 (UTC)


 * ✅ From "Banking and finance": "The stated policy of the Bank on the Indian Rupee is to manage volatility but without any fixed exchange rate &mdash; and this has mostly been true." It has? This definitely needs a reference. Axl (talk) 16:41, 14 February 2008 (UTC)
 * Ila Patnaik writes on this at length, and it is certainly true that the RBI intervenes to dampen down volatility and rupee volatility against the dollar is generally low. Here she says that the rupee is "de facto pegged" and here she explains why that's a problem. Relata refero (talk)


 * ✅ From "Emerging issues &mdash; Environmental Degradation": "Out of India's 3119 towns and cities, just 209 have partial treatment facilities, and only 8 have full wastewater treatment facilities (WHO 1992)." Could we have an in-line citation? Axl (talk) 17:47, 14 February 2008 (UTC)


 * ✅ From "Emerging issues &mdash; Environmental Degradation": "Changes in ecosystem biological diversity, evolution of parasites, and invasion by exotic species all frequently result in disease outbreaks such as cholera which emerged in 1992 in India." Cholera emerged in India in 1992? I thought that the first cholera pandemic involved India in 1820. Axl (talk) 08:59, 15 February 2008 (UTC)
 * Should probably be re-emerged. It was a mutated form. Relata refero (talk)
 * thanks Relta refero for your explanation. in the article we are dealing with the post independent (after 1947) socio economic coverage of india. this issue should be covered by the article Economic history of India. thanks, Sushant gupta (talk) 08:17, 27 February 2008 (UTC)

Relata, thanks for your clarification. I hope that someone re-writes the appropriate sentences and adds the references. ;-) Axl (talk) 13:11, 15 February 2008 (UTC)

Ongoing editing
✅ Thanks for those changes, Sushant. However this sentence has appeared at the end of the "Agriculture" section: "Investment requirement for the development of marketing, storage and cold storage infrastructure has been estimated to be huge and with a view to rise investment in the development of marketing infrastructure, the government has implemented the various plan schemes such as Construction of Rural Go downs, Market Research and Information Network and Development / Strengthening of Agricultural Marketing Infrastructure, Grading and Standardization." It is too long and needs simplification. Axl (talk) 18:10, 27 February 2008 (UTC)


 * replied on Axl's user talk page. thanks, Sushant gupta (talk) 08:02, 28 February 2008 (UTC)


 * I've had a go at the sentence, see what you guys make of it. Jayen 466 13:46, 28 February 2008 (UTC)
 * thanks a lot for your effort. Sushant gupta (talk) 15:16, 28 February 2008 (UTC)

Well done, chaps. Jayen, thanks for adjusting the sentence. I am delighted to promote the article to "Good article" status. For future work, the article could use a general copyedit to improve the flow of the text. For the time being, the article is worthy to be a "Good article". Axl (talk) 17:03, 28 February 2008 (UTC)

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Good article?
Why is this article listed as GA if it is a redirection? Is that right? --Danielba894 (talk) 20:40, 26 March 2009 (UTC)

Peer review
Should we subject this article to peer review? Lbertolotti (talk) 15:13, 12 August 2015 (UTC)

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