Indian economic development-determinants

The Growth and Development of a country largely depends on strong Agriculture, Industrial growth, sustained and considerable balance in the foreign exchange and a reasonable amount of gold reserve. As India happens to be basically an agrarian economy, necessary efforts should be placed in safeguarding the productive land for growing the agricultural production to feed our people and also to earn by way of exporting it to other parts of the world. A strong and vibrant industrial base will provide employment opportunities to people to earn a decent income to increase their standard of living to a greater extent. This paper takes into account some prominent points that support the economic growth and development of the country such as Human Development Index and various factors affecting the growth and development of India in a detailed manner. Importance of capital formation as well as the natural resources is detailed in the paper to have a clear understanding about the growth of the country and also the future prospect of India.