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 have been a major factor in the rapid growth of the Indian economy. This has allowed for increased productivity and innovation in various industries, leading to higher GDP growth rates. Increases in government regulations, a decrease in education standards, a significant increase in taxes, and restrictions on immigration are all likely to have a negative impact on economic growth, making them unlikely factors contributing to India's rapid escalation in growth.

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