Year

Year - - . . AM - - . . AM Gross Domestic Product and its Growth: an Introduction economy along with an improvement in the living standard of its citizens. It focuses more on socioeconomic factors rather than the just quantitative increase in production. Economic development is a qualitative measure which measures improvement in technology, labour reforms, rising living standards, broader institutional changes in an economy. Human development Index (HDI) is apt tool to measure the real development in an economy.