Economic development

It is rather difficult to define a concept which is very common and familiar with the people. Everyone knows that it indicates a process of development in the economy, whereby there will be development in agriculture, industry, trade and transport etc. All these improvements form the economic development of the country. These programmes should be a comprehensive one as a process in all the sectors of the economy. Every project should become the integral part of the process of development of the economy as a whole with a determined effort to change the phase of the economy from backwardness to a developed one. This process will result in increased output of the economy or real increase in the income per head of the population.