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Class 11 Indian Economic Development - Chapter 10
Course: Mathematics – Iii
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Class XI Social Science www.vedantu.com 1
NCERT Solutions for Class 11
Social Science - Indian Economic Development
Chapter 10 – Development Experiences of India:
A Comparison with Neighbours
1. Why are regional and economic groupings formed?
Ans: Different nations throughout the world are motivated to form regional and
global economic groups such as SAARC, European Union, ASEAN, and others in
order to better grasp diverse means and plans for economic strengthening. Such
formations allow member countries to learn about the development methods and
policies used by other members. This allows them to assess their strengths and
weaknesses and, as a result, adopt strategies to expedite social growth and cultural
development among its member countries. Second, another key reason for the
formation of these associations is to maintain the member countries' peace and
stability. Furthermore, these organizations provide a common forum for people to
unite and speak out on shared issues in order to protect their common interests.
2. What are the various means by which countries are trying to strengthen
their own domestic economies?
Ans: The following are the different methods through which nations are attempting
to boost their domestic economies:
(i) To boost their economies, nations are joining numerous regional and economic
groups such as SAARC, the European Union, the G-8, the G-20, and ASEAN. These
organizations provide a shared forum for member countries to speak out on common
concerns in a cohesive voice in order to protect their common interests.
(ii) They are also interested in learning about the developmental processes used by
their neighboring countries in order to assess their own strengths and flaws. As a
result, they adopt strategies to enhance social and cultural growth among member
countries.