Question

Describe the achievement and failures of economics reforms in India​

Answer 1

Answer:

Similarly, India's gross domestic capital formation increased from 8.7% in 1950-51 to 23.3% of GDP in 1999-00. However, this higher growth rate of capital formation failed to accelerate the rate of economic growth. Hence, a paradox has been encountered high saving rate and slow growth of per capita income.

Explanation:

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