how to increase India’s GDP now????
Answers
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.
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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Explanation: