Definition Of National Development

National development must be a development that takes place in a nation.

Definition of national development. The precise definition of economic development has been contested. While economists in the 20th century viewed development primarily in terms of economic growth sociologists instead emphasized broader processes of change and modernization. The 1996 definition propagated by the national defence college of india accretes the elements of national power 5 national security is an appropriate and aggressive blend of political resilience and maturity human resources economic structure and capacity technological competence industrial base and availability of natural resources and. So what is economic development.

According ogai joseph o. Information and translations of national development bank in the most comprehensive dictionary definitions resource on the web. N an advisory body on general economic policy in britain composed of representatives of government management and trade. Since gdp is a measure of consumption a higher consumption means that the people of t.

Undp works to eradicate poverty and reduce inequalities through the sustainable development of nations in more than 170 countries and territories. Political economic social cultural scientific and material. National development refers to the ability of a nation to improve the lives of its citizens. Development and urban studies scholar karl seidman summarizes economic development as a process of creating and utilizing physical human financial and.

John vaizey noted economist defines. It can be best defined as the all round and balanced development of different aspects and facets of the nation viz. Economic development quantitatively means a higher gdp per capita. A national economic development plan will analyse the country s objectives and priorities in relation to all these sectors in response to well identified national needs.

48 national development is defined as the gradual manifestation of positive changes in the economic industrial political social cultural and administrative life of country this definition serves the purpose of this study. What does national development bank mean. Measures of improvement may be material such as an increase in the gross domestic product or social such as literacy rates and availability of healthcare. Meaning of national development bank.

Moreover national development implies development of a nation as a whole.