The capital-output ratio (COR) is an economic metric that describes the relationship between the amount of capital invested in an economy and the amount of output it produces. A high COR indicates that a large amount of capital is required to produce a given increase in output.
Despite being a high saving economy, capital formation may not result in significant increase in output due to
Asked in UPSC IAS 2018 · Topic: Nature of Indian Economy (Developing Economy Characteristics)
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