key drivers of any country’s economy?

With consistent high growth rate of any economy, the key question that poses before everybody’s mind is that whether the growth story is secular and sustainable? Most effective way to answer this question is to see Key Economic Drivers for the Economy. The most important key driver of any economy is
1) Rising per-capita income,
2) GDP growth rate
3) Population
4) wholesale price index or Inflation Index
5) Government policy & stability
6) Openness to trade
7) Channelization of investment and deregulation will be the key driver’s economic growth
8) Whether growth is driven by domestic factors or global factors
9) Education and healthcare system
10) Infrastructure development

Typical economic drivers applied through local economic development initiatives include:

1) New enterprise development
2) Local business growth development
3) Inward investment promotion
4) Sector and business cluster development
5) Investment in Soft Infrastructure
6) Investment in hard infrastructure
7) Investment in sites or premises for business
8) Local business investment climate enhancement
These interventions and initiatives may be undertaken by a number of organizations including both central and local government, business and community organizations