What is meant by stages of economic growth?

Walt Whitman Rostow, an American economist, professor and political theorist, defined five Stages of Economic Growth:

  1. Traditional society
  2. Preconditions to take-off
  3. Take-off
  4. Drive to maturity
  5. Age of high mass consumption

Further Reading:

Refer to Economics Notes for UPSC preparation at the inked article. 

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