Question

What are the factors supporting to develop the Indian economy

Answer 1

Answer:

A. Economic Factors:

Population and Manpower Resources: ...

Natural Resources and Its Utilization: ...

Capital Formation and Capital Accumulation: ...

Capital-Output Ratio: ...

Favourable Investment Pattern: ...

Occupational Structure: ...

Extent of the Market: ...

Technological Advancement

Answer 2

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Factors That Affect Economic Growth

Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country's Production Possibility Curve. ...

Physical Capital or Infrastructure. ...

Population or Labor. ...

Human Capital. ...

Technology. ...

Law.

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