Question

Describe positive aspects of the strategy of indian economic development

Answer 1

Thank you for this interesting question. Please find the answer below: 

The Indian Economic Development Strategy is the strategy used by the government for the improvement of the economy. These include urbanization, industrialization, international trade etc. 

The positive aspects of the Indian Economic Development Strategy are that; 

(i) It increases the exports and reduces the imports. 

(ii) Promotes use of local goods and services. 

(iii) Uses latest and advanced technology. 

(iv) Increases the overall GDP. 

(v) Increases per capita income.