how we can say that economic growth is much better than in dictatorship if we compare democracy
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Answer:
2019-20, the Indian economy is expected to grow by 5.7% (as measured by the growth in Gross Domestic Product (GDP), a measure of the size of the Indian economy). This is the slowest since 2012-13, when the country had grown at 5.5%.
After growing at 7-8% between 2014-15 and 2016-17, the economic growth has been slowing down. The GDP growth in 2018-19 had stood at 6.1%.
A slowing economic growth essentially slows down the process of economic progress. The GDP of a country growing at 8% per annum doubles in 9 years. In comparison, the GDP of a country growing at 6% per annum doubles in 12 years. The doubling of the GDP is important because as the GDP increases, the incomes go up and this pushes up the quality of life as well. Millions are pulled out of poverty. There is no substitute to sustained economic growth.