The correct answer is: d) All of the above
Andhra Pradesh aims to achieve sustainable economic growth by balancing fiscal prudence, investing in human capital, and promoting innovation.
Fiscal prudence refers to the government’s ability to manage its finances in a responsible way. This includes keeping a balanced budget, managing debt, and investing in infrastructure.
Investing in human capital refers to the government’s efforts to improve the quality of life of its citizens. This includes education, healthcare, and social welfare programs.
Promoting innovation refers to the government’s efforts to encourage businesses to develop new products and services. This includes providing tax breaks, subsidies, and other forms of support.
All of these factors are essential for sustainable economic growth. By balancing fiscal prudence, investing in human capital, and promoting innovation, Andhra Pradesh can create a strong foundation for long-term economic growth.
Here are some additional details about each of these factors:
Fiscal prudence is important because it helps to ensure that the government has the resources it needs to invest in its people and its economy. When the government is able to manage its finances responsibly, it can provide essential services, such as education, healthcare, and infrastructure. This helps to create a more stable and prosperous environment for businesses to operate in.
Investing in human capital is also important because it helps to create a more skilled and productive workforce. When people have access to quality education and healthcare, they are better able to find good jobs and contribute to the economy. Investing in human capital also helps to reduce poverty and inequality.
Promoting innovation is important because it helps to create new products and services that can drive economic growth. When businesses are able to innovate, they can create new jobs and expand their operations. This helps to boost the economy and create a more prosperous future for everyone.
By balancing fiscal prudence, investing in human capital, and promoting innovation, Andhra Pradesh can create a strong foundation for long-term economic growth.