Which of the following is an indicator of economic development?

Correct option is A

The correct option is: (a) Rising per capita income

• Economic development refers to sustained improvement in living standards and wealth of a nation.

• An increase in per capita income (income per person) is a direct indicator of economic progress and better resource distribution.

• Other Indicators: HDI (Human Development Index), poverty reduction, literacy rate, employment rate.

• Rising per capita income: Reflects increased productivity, investment, and economic growth.

• Decreasing exports: Signals economic slowdown.

• Reduction in industrialisation: Negative trend; development requires more industrial output.

• Increasing population: Not an indicator unless matched with proportional economic growth.