Economic Growth

Economic growth is the pre-requisite for the development and means of development. Economic growth is the basic and pre condition of development. It is the creation of nation’s wealth. Economic growth promotes average per capita but equity, redistribution, poverty, reduction issues do not get addressed. The raising of income level is called economic growth. Economic growth means more outputs and more productions. More than 5% of GDP growth desirables for smooth eco-development. It is the means for development. Economic growth occurs where there is an increase in the actual amount of goods and services produce in a year. Economic growth is necessary to secure food and satisfy the basic needs of peoples.

Economic Growth