Question

Wht is the cause of acceleration of economic development in india

Answer 1

Answer:

The growth of the economy means the growth of gross domestic product (GDP). There are many factors that have contributed to the economic growth of India:

1.Labor force

The growth of the labor force in India since 1980 has made a huge contribution to the growth of GDP.

2.Export

There has been a noticeable improvement in the growth of export in India in the last two decades that has caused an acceleration of economic development in India.

Answer 2

Cause of acceleration of economic development in india

Explanation:

• The economic growth and development s related to the rise in the inflation and the market value of the good and services that are produced n the economy over some time and thus is measured on the term of the GDP rate and this determines the productivity of the nation or economy.

• Some of the factors that affect this growth and development are human capital, political institution, quality of life as standard of living and the main cause associated with the economic development of India is the rise form the agrarian economy of the industrialist nation and move towards to the service  category as te independent nation is the elf dependent nation in the world.

• India has played a big role in the oil and the natural gas sector as the formation of various reserves of naturally occurring gas, coal, and the oil wells have a large scale on women and men working in the service industry and contributing to the rise of the education, healthcare and the judicial system.

• Thus rise in the purchasing capacity and the people of the country in terms of the institutional ad the infrastructural changes have accelerated the development of the nation.

Know more about the cause of the economic development of the india.:

• https://brainly.in/question/7316338 answered by Gratefuljarette.