Does democracy promote development or it hinders it?

Answer 1

No, freedom to do business promotes economic growth. China for instance is not a democratic country however they are experiencing massive economic growth because the people have been left free to do business

Answer 2

India's thriving democracy is often seen as somewhat of a miracle. In a country divided by caste, religion and ethnicity, democracy has taken root and flourished. Moreover, the world's largest democracy is also experiencing a period of sustained economic growth, which has elevated India's standing in the world.

Let us get back to the meaning of democracy :

1. Government by the people , exercised either directly or through elected representatives.

2. A political or social unit that has such a government.

3. The common people, considered as the primary source of political power.

4. Majority rule.

5. The principles of social equality and respect for the individual within a community.

The world's fastest growing democracy, India has the youngest population on the planet, and a middle class as big as the population of the entire United States. Its market has the potential to become the world's largest.

India is emerging as an innovator of the technology that is driving the next phase of the global economy. While India is celebrating its meteoric rise, it is also racing against time to bring the benefits of the twenty-first century to the 800 million Indians who live on less than two dollars per day, to find the sustainable energy to fuel its explosive economic growth, and to navigate international and domestic politics to ensure India's security and its status as a global power. India is the world in microcosm: the challenges it faces are universal -- from combating terrorism, poverty, and disease to protecting the environment and creating jobs. The urgency of these challenges for India is spurring innovative solutions, which will catapult it to the top of the new world order. If India succeeds, it will not only save itself, it will save us all. If it fails, we will all suffer. As goes India, so goes the world.

Despite a global slowdown affecting economic growth in the world, India has the distinction of being one of the fastest growing economies in the world.

In the 50 years since India became a republic, national income has increased 6.6 times from Rs 40,454 crore to Rs 2,67,551 crore, a compounded growth rate of 4.1 per cent per annum. The per capita income has increased 2.9 times from Rs 1,127 to Rs 3,212, (and in purchasing power parity terms now stands at a healthy $2390), while the GDP stands at Rs 3,11,766 crore. Inflation has stayed at remarkably low levels, hovering around 4 per cent in 2001.

Answer 3

Statistically , democratic countries have shown greater

development than countries where Dictatorship is being followed. Therefore democracies promote development.