Education improves human development by increasing literacy, employment and income levels. It enhances health and life expectancy, promotes gender equality and social awareness and reduces poverty. By creating skilled citizens, education drives economic growth and raises overall living standards and ...
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The RBI regulates credit by controlling its supply through monetary tools, maintaining price stability to prevent inflation and ensuring financial discipline among banks. These measures promote economic stability, sustainable growth and public trust in India’s financial system.
Public investment in infrastructure boosts economic growth by improving connectivity, reducing production costs and promoting industrial and agricultural development. It also enhances education, health and living standards, leading to sustainable and inclusive development for the nation’s overall progress.
The student concluded that worker X works in the public sector due to job security, government control and a welfare motive, while worker Y works in the private sector, characterized by profit-driven goals, performance pressure and limited job stability.
Privatisation can boost efficiency and economic growth, but without proper regulation, it can increase inequality and reduce social welfare. A balanced approach—combining private efficiency with government oversight—is essential for inclusive and sustainable development.