Economic Growth vs Economic Development | संवृद्धि बनाम विकास |

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In this video, we cover one of the most conceptual and analytical chapters of Economics for
RPSC 2nd Grade Social Science (SST) —

**Economic Growth and Economic Development

(आर्थिक संवृद्धि और आर्थिक विकास)**

This lecture is prepared strictly as per RPSC / Senior Teacher / Rajasthan competitive exam syllabus and focuses on definitions, differences, indicators, PYQ-oriented concepts, and current relevance, which are frequently asked in exams.

📚 Topics Covered in This Video

✔ Meaning & Definitions
• Economic Growth – quantitative increase in real income
• Economic Development – qualitative improvement in quality of life
• Sustainable Development
• Human Development (UNDP concept)

✔ Economic Growth vs Economic Development
• Nature (quantitative vs qualitative)
• Measurement methods
• Impact on society
• Exam-oriented comparison table

✔ Indicators of Development
• GDP & GVA
• Per Capita Income
• Potential GDP
• Human Development Index (HDI)
• Multidimensional Poverty Index (MPI)

✔ Limitations of GDP as a Measure of Welfare
• Inequality, unemployment
• Non-monetized sector
• Environmental costs

✔ Factors Affecting Economic Growth
• Economic factors – resources, capital formation, technology, human capital
• Non-economic factors – political, social, psychological

✔ Inclusive Growth
• Meaning & importance
• Indian context (Youth, Poor, Women, Farmers)

✔ Features of Underdeveloped & Developing Countries

✔ India’s Growth Trajectory
• 1950s–70s planning phase
• 1991 LPG reforms
• Current status & challenges
• Viksit Bharat @2047 vision

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🎯 Best For

✔ RPSC 2nd Grade SST (Economics)
✔ Senior Teacher (Social Science)
✔ Rajasthan Competitive Exams
✔ Conceptual & analytical answer preparation

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