What are the major challenges hindering the growth of the Indian economy

Explain the current scenario of the Indian economy and the major challenges faced by the government to promote sustainable growth.
There are several major challenges hindering the growth of the Indian economy. One of the primary concerns is the high level of unemployment and underemployment. This has led to a reduction in demand and consumption, ultimately impacting the overall economic growth. Additionally, infrastructure and technological inadequacies, along with a lack of innovation, hamper the government's efforts to create jobs and enhance growth. A volatile global economy, geopolitical issues, and climate change are other factors that have affected India's economic growth. The government is implementing various policy measures like Make in India, Digital India, Swachh Bharat Abhiyan, and demonetization to boost the economy. The GST implementation, insolvency & bankruptcy bill, and FDI liberalization are other initiatives to promote sustainable growth. It is essential to address these challenges and strengthen efforts to ensure that India becomes a major economic force on the world stage.
Answered a year ago
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