Government policies for economic development from "summary" of Oswaal NCERT One For All for UPSC & State PSC's Indian Economy Classes-9 to 12 (Old & New NCERT Edition) (For 2023 Exam) by Oswaal Editorial Board
Government policies for economic development refer to the various measures and strategies implemented by the government to promote economic growth and create a favorable environment for businesses to thrive. These policies are crucial for shaping the economic landscape of a country and driving sustainable development.
One of the key objectives of government policies for economic development is to stimulate investment in key sectors of the economy. By offering incentives such as tax breaks, subsidies, and grants, the government aims to attract both domestic and foreign investment, which can fuel economic growth and create employment opportunities.
In addition to promoting investment, government policies also focus on enhancing infrastructure development. This includes investments in transportation, communication, energy, and other essential services that are vital for economic activities to flourish. Improving infrastructure not only boosts productivity but also enhances the overall competitiveness of the economy.
Furthermore, govern...
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