Question

In the solow model, what determines the steady-state rate of growth of income per worker

Answer 1

Hey frnd

Telecommunications have been recognized the world-over as an important tool for socio-economic development of a nation. It has become core infrastructure required for rapid growth and modernisation of various sectors of the economy. There has been a phenomenal growth of the telecom sector in terms of subscribers and revenues over the past one and a half decades in India. Today, India is amongst top three of largest and one of the fastest growing telecom markets in the world. The Indian telecom industry has grown from a tele-density of 3.58% in March 2001 to 78.13% in February, 2015. This great leap in both the number of subscribers and revenues from telecom services has contributed significantly to the growth in GDP and employment.

Hope this helps u frnd