Explain the factors supporting Indian development.
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Answers
➤ A fast growing population of working age is an important factors.
➤700 hundred million Indians are under the age of 35 and the demographics show Indian growth in the next 20 years at least.
➤ India has a strong legal system that helps to the growth of Indian development.
➤There are many English language speakers which is a key to attracting inward investment from companies such as those specialising in Information Technology.
➤ India's economy has successfully developed highly advanced and attractive clusters of businesses in the technology space. For example, the rapid emergence of Bangalore as a hub for global software businesses.
➤ External economies of scale have deepened their competitive advantages in many related industries.
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