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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 14
Why Labor Productivity Grows
India's Economy Hits the Wall
Just six months ago, India was looking good. Annual growth was 9%, consumer demand was huge, and foreign investment was growing. But now most economic forecasts expect growth to slow to 7%-a big drop for a country that needs to accelerate growth. India needs urgently to upgrade its infrastructure and education and health-care facilities. Agriculture is unproductive and needs better technology. The legal system needs to be strengthened with more judges and courtrooms.
Explain five potential sources for faster economic growth in India suggested in this news clip.
India's Economy Hits the Wall
Just six months ago, India was looking good. Annual growth was 9%, consumer demand was huge, and foreign investment was growing. But now most economic forecasts expect growth to slow to 7%-a big drop for a country that needs to accelerate growth. India needs urgently to upgrade its infrastructure and education and health-care facilities. Agriculture is unproductive and needs better technology. The legal system needs to be strengthened with more judges and courtrooms.
Explain five potential sources for faster economic growth in India suggested in this news clip.
Explanation
Verified
Verified
The second suggested source is increase ...
Macroeconomics 11th Edition by Michael Parkin
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