Question

explain any three way to reduce the burden in Indian Economics

Answer 1

The economy of India under the British Raj describes the economy of Indiaduring the years of the British Raj, from 1858 to 1947. During this period, the Indian economy essentially remained stagnant, growing at the same rate (1%) as the population.

Answer 2

The biggest drag on the Indian economy is the issue of subsidies given by the Government for a lot of activities. This infuses inefficiency in the operations and is a huge burden on the exchequer.
The other problem faced by the Government is the state's participation in industry, which is not acceptable to any modern-day economic planner. Most of the state-run industries suffer from inefficiencies, losses and obsolescence.
The third problem is the waiver of farm loans which costs the exchequer very dear even though it fetches votes to the politician.