Question

Name the factors that hindered the achievement of economic and social
development by India

Answer 1

Answer:

The term economic growth is associated with economic progress and advancement.

The term economic growth is associated with economic progress and advancement.Economic growth can be defined as an increase in the capacity of an economy to produce goods and services within a specific period of time.

The term economic growth is associated with economic progress and advancement.Economic growth can be defined as an increase in the capacity of an economy to produce goods and services within a specific period of time.In economics, economic growth refers to a long-term expansion in the productive potential of the economy to satisfy the wants of individuals in the society. Sustained economic growth of a country’ has a positive impact on the national income and level of employment, which further results in higher living standards.