The Paradoxes of Development and Issues of Developing Countries: With Special Reference to India

The word „Development‟ is widely used to describe the journey of mankind‟s success. Development is multifaceted concept used by different sections of the society starting with the Organic development to the institutional development to economic development. Concept of development is extensively used by economist primarily used in the reference with the income numbers and growth of economy. Later on in eighteenth century few economist started it relating with the well being and standard of living of common living. Amertya Sen a renowned economist explains the concept of development in wider sense, quote “ It is not hard to see why the concept of development is so essential to Economics in general. Economic problem do of course involve logistic issues and a lot of it is undoubtedly „engineering‟ on one another on the other hand. The success of all this has to be judged ultimately in the terms of what does to the lives of human beings.” At large it is related with change, modernity, liberalization and welfare. However on several platform it is misleading, unreal, exaggerated and overrated as far as the mass welfare is concern. To understand and to evaluate the impact of development we need to look in the reference of developed and undeveloped countries. It has to be analyzed in the context of rich nation‟s agenda of development and its impact on the poor nation especially country like India, which has diverse aspects in the context of development.