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Structure of Indian Economy - Growth, Development and Structural Change, Indian Economy Video Lecture | Indian Economy - B Com
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FAQs on Structure of Indian Economy - Growth, Development and Structural Change, Indian Economy Video Lecture - Indian Economy - B Com
| 1. What is the current growth rate of the Indian economy? |  |
Ans. The current growth rate of the Indian economy is 4.2% as of 2019-2020. This growth rate represents the increase in the Gross Domestic Product (GDP) of the country.
| 2. What factors contribute to the development of the Indian economy? | |
Ans. Several factors contribute to the development of the Indian economy. These include government policies, infrastructure development, technological advancements, investments, foreign direct investment (FDI), and human capital development.
| 3. How does structural change affect the Indian economy? | |
Ans. Structural change refers to the shifts in the composition of an economy's output and employment across different sectors. In the case of the Indian economy, structural change has led to a shift from agriculture to industry and services. This shift has resulted in increased productivity, employment opportunities, and overall economic growth.
| 4. What are the challenges faced by the Indian economy in achieving sustained growth and development? | |
Ans. The Indian economy faces several challenges in achieving sustained growth and development. These challenges include income inequality, poverty, unemployment, inadequate infrastructure, corruption, bureaucratic hurdles, and regional disparities. Addressing these challenges requires effective policy measures and reforms.
| 5. How does the Indian economy impact its citizens? | |
Ans. The Indian economy has a significant impact on its citizens. A strong and growing economy provides opportunities for employment, income generation, and improved living standards. It also enables better access to education, healthcare, and infrastructure development. However, economic challenges such as unemployment and inflation can negatively affect the citizens' well-being. Policies aimed at inclusive growth and development are necessary to ensure the welfare of all citizens.
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Dec 23, 2024 Last updated |
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