Between 2006 and 2010,per capita real gross domestic product (GDP)in India grew at an average rate of 7.11% per year.Which of the following factors would have contributed most to this rapid escalation in growth?

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Quizplus · Accepted Answer

Advances in technology would have led to increased productivity, efficiency and innovation, which in turn would have boosted economic growth. This would have contributed significantly to the rapid increase in per capita real GDP in India between 2006 and 2010. Increases in government regulations, a decrease in education standards, a significant increase in taxes or restrictions on immigration, on the other hand, are likely to have a negative impact on economic growth.

Between 2006 and 2010,per Capita Real Gross Domestic Product (GDP)in