Factors for Indian Economy Growth
Q. The overall economic growth of the Indian economy is dependent on which of the following factors?
1) Savings
2) Rate of capital formation
3) Utilization of technology- Published on 27 Dec 16a. 2, 3
b. 1, 3
c. 1, 2
d. All of the above
ANSWER: All of the above
The overall economic growth of the Indian economy is dependent on many factors that, inter-alia, include the rate of capital formation and savings, utilization of technology, availability of infrastructure, efficiency of resource allocation, quality of institutions, governance and the policy framework in place, money supply and degree of financial development.
