What are the key challenges faced by the Indian economy in achieving a higher growth rate

Explain the major impediments that are hindering the economic growth of India.
The Indian economy faces several key challenges in achieving a higher growth rate. Some major impediments hindering economic growth in India are: 1. Infrastructure deficit: Insufficient investment in infrastructure like roads, railways, and ports limits industrial growth and affects efficiency. 2. Skill gap: The mismatch between job requirements and the skill set of the workforce limits productivity and innovation. 3. Inequality and poverty: High levels of income disparity and poverty hinder overall economic growth and prevent inclusive development. 4. Corruption and bureaucracy: These issues increase the cost of doing business, discourage investors, and impede economic growth. 5. Agricultural distress: Challenges such as low productivity, inadequate irrigation facilities, and fragmented landholdings hinder the contribution of agriculture to overall growth. 6. Regulatory complexities: Cumbersome regulations and bureaucratic processes hamper ease of doing business and discourage investment. 7. Slow progress in reforms: Delayed implementation of crucial reforms in sectors like labor, land, and taxation reduces the country's growth potential. Addressing these challenges through proactive policies and reforms is essential for India to achieve a higher growth rate and sustainable development.
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