What are the major macroeconomic challenges currently faced by the Indian government
Describe the significant economic hurdles faced by the Indian government during recent times.
- Slow economic growth: India's economy has witnessed a slowdown in growth rates, which is a significant challenge faced by the government.
- High unemployment rates: There is a growing concern over the rising unemployment rates in the country, especially among the youth and women.
- Fiscal deficit: The fiscal deficit of the Indian government is high, indicating a mismatch between revenues and expenditures.
- Inflation: India faces high inflation rates, which is a significant challenge for the government to deal with.
- Structural reforms: Lack of structural reforms in various sectors such as agriculture, manufacturing, and infrastructure is hindering economic growth and development.
- Rising public debt: Public debt in India is on the rise, and it is a significant challenge for the government to maintain fiscal discipline and manage debt sustainability.
Answered
a year ago