What are the challenges before Indian economy?

Eradication of poverty and unemployment. Getting proper education and health care facilities. Control over the rising prices of commodities in the market i.e.. inflation.

What are the challenges to Indian economy?

Let’s first look at the current challenges.

  • 1: Two years worth of GDP growth has been lost.
  • 2: Both retail and wholesale inflation is trending up.
  • 3: Poor credit offtake in the commercial sector.
  • 4: Inadequate spending by the government.
  • 1: The slow pace of vaccination and a possible third Covid wave.

What are the biggest challenges before India?

In spite of all these achievements, several formidable challenges remain: exploding population, widespread poverty, illiteracy, squalor, ruptures and cleavages based on region, religion, language and gender-threatening the social fabric, urban congestion, wounded eco-systems and critical power and energy situation.

What is the main source of Indian economy?

India’s economy includes agriculture, handicrafts, industries, and a lot of services. The service sector is the main source of economic growth in India today, though two-thirds of Indian people earn their living directly or indirectly through agriculture.

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What problems will India face in next 10 years?

In conclusion, the biggest challenge for India in the next ten years is to control poverty and ensure education for all. The government, local administration and citizens should all participate and contribute to eliminating illiteracy and controlling rampant population growth.

What were the three challenges before free India?

There were problems of poverty, unemployment, rehabilitation of people, harmony among people and establishing democracy but freedom has given an opportunity to solve them.

What are the top 5 challenges of India & world as a whole?

With inflation high, growth slowing and a need to bolster investor confidence, India faces seven key challenges.

  • Education and skills. …
  • Urbanization. …
  • Health. …
  • Sanitation. …
  • Gender. …
  • Water scarcity. …
  • Transparency.

What are the problems faced by India after independence?

The nation has faced religious violence, casteism, naxalism, terrorism and regional separatist insurgencies. India has unresolved territorial disputes with China which in 1962 escalated into the Sino-Indian War, and with Pakistan which resulted in wars in 1947, 1965, 1971 and 1999.

Why is India overpopulated?

The two main common causes leading to over population in India are: The birth rate is still higher than the death rate. … The fertility rate due to the population policies and other measures has been falling but even then it is much higher compared to other countries.

What were the problems faced in independent India?

The newly independent India faced various inside problems like for example, religious extremism, casteism, naxalism, terrorist activity and secessionist sectarian violence in the regions or states. On top of that India faced a threat of overtaking because of its weak and vulnerable state after independence.

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How is Covid-19 affecting India?

In India, more than 332,000 Covid-19 infections were reported today, along with approximately 2,250 deaths. … Maharashtra, India’s second most populous and wealthiest (per capita) state, tops the list of most affected states in the country. A fragile and fragmented healthcare system is buckling.

What are the challenges of today’s economy?

These problems include global inequality and unequal economic development, global poverty, the exhaustion of non-renewable resources, depletion of the environment and global warming, and systemic problems associated with inadequate regulation of financial markets.

Is India’s economy strong?

Nearly 66% of India’s population is rural, and contributes about 50% of India’s GDP. It has the world’s fourth-largest foreign-exchange reserves worth $585 billion.

Economy of India.

Statistics
GDP rank 6th (nominal; 2020) 3rd (PPP; 2020)
GDP growth 1.6% (Q4 20/21e)(National Statistical Office) −7.3% (20/21e) 11.5% (21/22f) (WB)
Chants of India