What are the factors affecting economic growth in India

Factors affecting economic growth in India:

• Population growth and demographics
• Infrastructure development
• Educational attainment and skill level of the workforce
• Technological advancements and innovation
• Government policies and regulations
• Global economic conditions

Consumption plays a crucial role in driving economic growth in India as it accounts for a significant portion of the country's GDP. Increased consumption leads to higher demand for goods and services, prompting businesses to expand production and hire more workers. Rising incomes, urbanization, and a growing middle-class population have contributed to increased consumption levels in India. Policy measures aimed at boosting consumer spending, such as tax cuts, subsidies, and financial incentives, also play a role in stimulating economic growth by encouraging expenditure and investment.