Consider the following statement in regards to Unbalanced Economic Development,
India has not yet achieved the goal of balanced economic development.
Balanced Growth mentions to a definite type of economic growth that is maintainable in the long term.
Balanced growth is contrasting to the high and low nature of economic cycles.
Which among the following statement is correct:
Options:
A . 2 only
B . 3 only
C . 1 only
D . 1, 2 and 3
Answer: Option D Answer: (d) India has not yet achieved the goal of balanced economic development. Balanced Growth mentions to a definite type of economic growth that is maintainable in the long term. Balanced growth is contrasting to the high and low nature of economic cycles. According to the latest data available about 64% of the total labour force is dependent on agriculture, 16% on industries and the rest about 20% on trade, transport and other services.
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