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Economic development is a multi-lateral and multi-directional movement. In fact, economic developmental potential remains a dormant asset due to the undeveloped or under developed economic human being. Economic development is more crucial factor. As such, when human being plans to initiate change, economic development rolls on. Other factors are ancillary, though quite necessary. Sufficiency of other resources, without the necessary human “development will” does not lead anywhere. Resources may exist in plenty but if development – linked human minds are absent, hardly any economic development will take place. So the development is the key factor which ignites the economic progress. Development results from the technological change, innovation, entrepreneurial growth, specialization and trade.