Exercises · Q13
Q.Explain any four current challenges facing the Indian economy today.
Gujarat GsebTextbookSubjectiveImportance★★★★★
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Start your 14-day free trial to unlock the full solution →Alongside the specific emerging issues of sustainable development, the digital economy, the gig economy, and inclusive growth, the Indian economy faces several other interconnected structural challenges. Any four, clearly explained:
- Dominance of the informal sector — a very large part of the workforce remains in informal or unorganised employment lacking written contracts, social security, and stable earnings, which limits productivity growth.
- Income and wealth inequality — the distribution of income between income groups and regions can remain, or become more, unequal even as aggregate income rises.
- Agrarian distress — a large share of the population still depends on agriculture, but small landholdings, monsoon dependence, and price volatility for farm produce keep farm incomes uncertain.
- Skill mismatch and employability — the skills produced by the education and training system do not always match industry's requirements, contributing to unemployment among the educated alongside genuine skill shortages.
- Infrastructure gaps — despite significant expansion, gaps in power, transport, and logistics infrastructure remain, particularly in less-developed regions. …
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