It refers to the increase in the country's capacity to produce the output of goods and services within the country.
It refers to the increase in the country's capacity to produce the output of goods and services within the country.
Solution
✅ Correct Option: 1
Economic growth refers to a sustained increase in a country's productive capacity, i.e. its ability to produce more goods and services over time. Modernisation relates to adoption of new technology, equity deals with fair distribution, and self-reliance means reducing dependence on external resources. The definition given -- increase in the country's capacity to produce output -- directly matches economic growth.
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