Other sources of Indian growth Flashcards
1
Q
5 Other sources of growth
A
Demography Strong private sector Socialist government Reducing government role Low labour costs
2
Q
Demography
A
Failure to introduce extreme population measure means in SR high working population
3
Q
Strong private sector
A
less dependent on government patronage
4
Q
Democratic government
A
Due to lack of repressive history, ideas flow more easily around the economy allowing for greater innovation compared to Asian tigers
5
Q
Reducing government role
A
Prior to 91” India was mixed economy with high intervention
6
Q
Low labour costs
A
Every 1,000 jobs relocated to India from the UK = £10million wage savings
