Increase in absolute and per capita real GNP do not connote a higher level of economic development i...........

Economic and Social Issues Nature of Indian economy

Download Solution PDF

Increase in absolute and per capita real GNP do not connote a higher level of economic development, if

Industrial output fails to keep pace with agricultural output.

Agricultural output fails to keep pace with industrial output.

Poverty and unemployment increase.

Imports grow faster than exports.

छोटे Courses बड़े Results

Master Nature of Indian economy

Prepare through Micro-courses

Try Now

Explanation:

Gross National Product is reflective of growth in income at the national level which can come from a small section of society, even if the majority of the population is poverty stricken and unemployed. An essential aspect of development is to enable the maximum number to experience the fruits of development.