The Indian economy was growing rapidly; now growth has halted. Therefore, India needs to spend roughly $500 billion upgrading its infrastructure and education and health care facilities. Agriculture remains unproductive; and reforms, like strengthening the legal system, have been ignored.

Explain what measures need to be taken that could lead to faster growth.

Question

Business

Raven Hunt

28 February, 18:05

The Indian economy was growing rapidly; now growth has halted. Therefore, India needs to spend roughly $500 billion upgrading its infrastructure and education and health care facilities. Agriculture remains unproductive; and reforms, like strengthening the legal system, have been ignored.

Explain what measures need to be taken that could lead to faster growth.

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Answers (1)

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Ibrahim Anthony · Answer 1

Public-Private Partnership and soft-skill education

Explanation:

When an economy encourage investment in its private sector, through what is referred to as public-private partnership, it opens door to more investment opportunities to grow its economy. Such economic policies also make way to address unemployment and professionals skill development.

Secondly entrepreneurship opportunities are the most fundamental strategies to grow a nations economy. That is to say, when individual soft-skill are encouraged, most of her citizens will key into the various areas where they skills are most needed. Amen