Economy, asked by SaifullahBD, 11 months ago

how to increase India’s GDP now????​

Answers

Answered by Tigresses
1

Answer:

Aggregated demand can increase for various reasons.

Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.

Increased real wages – if nominal wages grow above inflation then consumers have more disposable to spend.

Higher global growth – leading to increased export spending.

Devaluation, making exports cheaper and imports more expensive, increasing domestic demand.

Rising wealth, e.g. rising house prices cause consumers to spend more (they feel more confident and can remortgage their house.

Answered by sarthakraj344
1

Answer:

Aggregated demand can increase for various reasons.

Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.

Increased real wages – if nominal wages grow above inflation then consumers have more disposable to spend.

Higher global growth – leading to increased export spending.

Devaluation, making exports cheaper and imports more expensive, increasing domestic demand.

Rising wealth, e.g. rising house prices cause consumers to spend more (they feel more confident and can remortgage their house.

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