Economic growth in India will happen necessarily if there is ........

Economic and social issues (RBI) Growth and development

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Economic growth in India will happen necessarily if there is

Population growth

Capital formation

Technical progress in the global economy

All of the above

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Explanation:

Capital formation refers to investment in tools, machinery, buildings etc.

Capital formation is a term used to describe the net capital accumulation during an accounting period for a particular country. The term refers to additions of capital goods, such as equipment, tools, transportation assets, and electricity. Countries need capital goods to replace the older ones that are used to produce goods and services. If a country cannot replace capital goods as they reach the end of their useful lives, production declines. Generally, the higher the capital formation of an economy, the faster an economy can grow its aggregate income.