what is the cause of acceleration of economic development in india ?
Answers
Answered by
88
between growth and development, on the one hand, and the nature of labour market regulation, on the other. an economy's rapid growth has to focus largely on what causes the first stirrings. Ashokankur Datta and Namrata Gulati of the Indian Statistical Institute, New Delhi, for research assistance.
Answered by
50
Acceleration of economic growth of India is mainly because of the increased Gross Domestic Product or GDP in India.
EXPLANATION:
The growth of labour force has increased the GDP over the last several years. In addition, the exports from India have increased over the last several years. This has enabled India to earn more on the economic front.
With more foreign direct investments in India, the country has been able to set-up more viable industries. Overall the industrial growth has also accelerated the economic growth of India.
Similar questions