ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Increase population growth rate
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Developing foreign-owned economic activities
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Providing infrastructure & facilities to support economic development
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Improving the quality of informal education
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Detailed explanation-1: -India has various economic policies which are industrial policy, trade policy, monetary policy, fiscal policy, Indian agricultural policy, National agricultural policy, industrial policies, International trade policy in India, exchange rate management policy, EXIM policy.
Detailed explanation-2: -Trade liberalisation. Export promotion. Promotion of FDI. Removal of government subsidies. Floating exchange rate systems. Microfinance schemes. Privatisation. Development of human capital. More items
Detailed explanation-3: -Increase in education spending. By increasing investment in the education of workers, those workers are more effective and can produce more. Increase in infrastructure spending. Policies that spur innovation. Increasing employment. 07-Jan-2023
Detailed explanation-4: -Economic development is not so important for a country like India. Economic growth means increase in real national income. Economic development involves only economic growth. More items