There are several challenges that the Indian economy is facing that hinder its growth. The major factors are:

• Infrastructure Deficit: The inadequate infrastructure in India is a major hurdle to its growth. It affects the productivity of the economy and raises the cost of doing business in the country.
• Unemployment: The high rate of unemployment in the country is another challenge. It is affecting the pace of economic growth and development.
• Financial sector stress: The Indian financial sector is under stress, which is affecting the investment potential of the country. It is leading to low investment levels, hampering growth and development.
• Low Human Development Index: Despite progress, the country has a low Human Development Index (HDI). It is a reflection of the low quality of education, healthcare and other human development indicators.
• Corruption: Corruption is a major issue in the Indian economy, which affects its growth prospects. It hinders the flow of investments, as it creates a negative impact on the country's image.
• Low competitiveness: India lags behind other countries in terms of competitiveness. It is due to the slow progress in reforms, poor infrastructure, poor governance, and high regulatory burden.

These factors are major challenges for the Indian economy, and addressing these issues should be a priority for the Indian government.