Economics · Infrastructure and Economic Growth
Consider the following statements regarding economic growth in India: Statement I: Growth in infrastructure is considered an essential prerequisite for stepping up GDP growth. Statement II: Capital formation plays a vital role in enhancing productive capacity and GDP growth in India. Which of the following is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect, but Statement II is correct
- 2Both Statement I and Statement II are correct✓
- 3Statement I is correct, but Statement II is incorrect
- 4Both Statement I and Statement II are incorrect
Correct answer
Both Statement I and Statement II are correct
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