Question

Economic development is taking place in India, how can we say that??

I need a medium length answer in points.....

Answer 1

Firstly we need to understand that economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.

Points:

1)at a fast GDP growth rate of over 7%.

2)has an over 2.5 trillion economy and in that respect, it is closely following China but has overtaken Russia

3)India economically is developing, but the economic development does not reach all; espcially poorer sections in rural areas do not necessarily participate.

Hope that helps