Question
According to the data above, discuss three reasons why Indias growth rate and GDP per capita might have remained relatively low. Cite appropriate references if
According to the data above, discuss three reasons why India’s growth rate and GDP per capita might have remained relatively low. Cite appropriate references if you use any data/information to support your answer. Recommend two policies that would help achieve higher economic growth in India.
Country United States Australia Japan Singapore China India 1980 2021 31161.93 61855.52 30784.92 59341.24 19334.37 35291.01 13954.14 66176.39 430.8546 11188.3 388.8227 1936.943 Annual Growth Rate of real GDP per capita 98.5 92.76 82.53 374.24 2496.77 398.16 Average Annual Growth Rate in Real GDP per capita for 1980-2021 2.4 2.26 2.01 9.13 60.9 9.71
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1 Indias relatively low growth rate and GDP per capita might be attributed to its large population size low human capital and lack of infrastructure investments Indias population of 13 billion people ...
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Essentials of Economics
Authors: Bradley Schiller, Karen Gebhardt
10th edition
125923570X, 978-1259235702
