Question

What are the central problems of the Indian economy with reference to the basic problems of an economy​

Answer 1

Answer:

However, the economy still faces various problems and challenges, such as corruption, lack of infrastructure, poverty in rural areas and poor tax collection rates. Despite rapid economic growth, unemployment is still an issue in both rural and urban areas.

Explanation:

Answer 2

Answer:

Primary economic issues in India regarding the economy are:

• Low per capita income.

• Huge dependence of the 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.