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.
The Indian government faces several macroeconomic challenges that have significantly impacted the country's growth trajectory in recent times. Some of the significant economic hurdles faced by the Indian government include:
  • 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.
Overall, these macroeconomic challenges pose significant hurdles for the Indian government and require a comprehensive set of policy measures and reforms to overcome them.
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