Question

Explain growth in gdp as the goal of planning in india 2

Answer 1

Explanation:

1. GDP describes economy of nation
2. Its development is controllled by GDP
3. Its market is estimated by GDP

Answer 2

GDP growth

Increase in GDP growth implies increase in the level of output in the economy.

It implies an increase in the flow of goods and services in the economy.

When the increase in the flow of goods and services is consistent over a long period of time, it is called 'economic growth'. Thus, GDP growth leas to economic growth.