What are the factors contributing to the economic growth of India

Describe the factors that are responsible for the sustained economic growth of India in the last few years.
The economic growth of India has been remarkable in recent years. Several factors are contributing to this growth:
  • Demographic Dividend: With the majority of India's population being young, the country has a large workforce contributing to its growth.
  • Market Reforms: India has introduced several market reforms such as the Goods and Services Tax (GST), which have boosted investor confidence.
  • Infrastructure Development: The development of infrastructure has improved, with new ports, highways, and airports being built, which has led to better connectivity and increased trade.
  • Foreign Investment: India has been attracting foreign investment due to its large market size, political stability, and skilled labor force.
  • Technology and Innovation: India has a thriving tech industry, with several startups emerging in recent years, contributing to growth.
All these factors have contributed to the sustained economic growth of India in recent years.
Answered a year ago
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