Introduction of macro economic problems of Indian economy
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economics study about the wealth
they are 4 defintion
1 wealth 2 scarcity 3 welfare 4 growth
the economic problems are
what to produce
how to produce
for whom to produce
they are 4 defintion
1 wealth 2 scarcity 3 welfare 4 growth
the economic problems are
what to produce
how to produce
for whom to produce
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Introduction of Macro Economic problems of Indian economy:
The macroeconomic problems faced by Indian economy are unemployment, lack of education standards, bad infrastructure, deterioration in the balance of payments, high level of debts, and rise in inequality, high budget deficit, and rigidity in labor laws, poor collection of taxes and more.
Macroeconomics is the branch of economics which focuses on the various trends and movements in the economy. It helps in understanding the functioning of the complex economic system of the country. It refers to the different problems faced by the Indian economy and rigid laws. The problems are majorly due to stagnant growth, inflation, and unemployment.
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