Question

Difference between growth and development in indian economy

Answer 1

Economic growth does not consider the Income from the Informal Economy. ... Economic Development is a broader concept than the Economic Growth. Economic Development refers to the increase of the Real National Income of the economic and socio-economic structure of any country over a long period of time.

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Answer 2

Explanation:

Economic growth does not consider the Income from the Informal Economy. ... Economic Development is a broader concept than the Economic Growth. Economic Development refers to the increase of the Real National Income of the economic and socio-economic structure of any country over a long period of time.

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