Briefly explain the major problems of development
in India
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This helped the Indian economy to achieve a rapid rate of economic growth and economic development. ... However, the economy still faces various problems and challenges, such as corruption, lack of infrastructure, poverty in rural areas and poor tax collection rates
The primary economic issues in India are:
Low per capita income.
Huge dependence of population on agriculture.
Heavy population pressure.
The existence of chronic unemployment and under-employment.
Slow improvement in Rate of Capital Formation.
Inequality in wealth distribution.
Poor Quality of Human Capital.
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