Economic growth refers to increase in the country’s capacity to produce the output of goods and services within the country. It implies either a larger stock of productive capital, or a larger size of supporting services like transport and banking, or an increase in the efficiency of productive capital and services.

Modernisation is the process of adopting contemporary technologies, practices, and ideas to bring about progress and improvements in various aspects of society, including technology, infrastructure, and institutions.

Equity refers to ownership or the ownership interest in an asset, business, or property. It represents the value of an asset after deducting any associated liabilities or debts.

Self Reliance Self-reliance means being self-sufficient and not depending heavily on others for your needs and goals.