Prepare a list of macroeconomic problems of indian economy and comment on them in brief
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Indian the economy faces various problems and challenges. Some of them are:
1. Inflation:
Property prices and food prices inflation in India has increased.
Inflation is currently between 8-10%.
Example: supply constraints in agriculture have increased food prices causing inflation. Because of this living standards of the poor sensitive to food price are reduced.
2. Poor educational standards:
There is high levels of illiteracy in rural areas and women. Because of this economic development and skilled workforce is affected.
3. Poor Infrastructure:
Most areas in India lack basic amenities and water.
Example: Because of poor infrastructure, over 40% of Indian fruit rots before they reach market.
4. High levels of private debt:
Increasing real estate marketing have increased the amount od lending in India by 30% in the past year. If the inflation increases further, RBI tend to increase the interest rates.
1. Inflation:
Property prices and food prices inflation in India has increased.
Inflation is currently between 8-10%.
Example: supply constraints in agriculture have increased food prices causing inflation. Because of this living standards of the poor sensitive to food price are reduced.
2. Poor educational standards:
There is high levels of illiteracy in rural areas and women. Because of this economic development and skilled workforce is affected.
3. Poor Infrastructure:
Most areas in India lack basic amenities and water.
Example: Because of poor infrastructure, over 40% of Indian fruit rots before they reach market.
4. High levels of private debt:
Increasing real estate marketing have increased the amount od lending in India by 30% in the past year. If the inflation increases further, RBI tend to increase the interest rates.
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