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.
- 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.
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a year ago