what are the challenges of the economy today in short answer
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Answer:
Indian economy is characterised by low per capita income, widespread poverty, massive unemployment, gigantic rise in population, and so on. So, India is an underdeveloped country. India is one of the poorest nations of the world.
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Various problems faced by the Indian economy are poverty, unemployment, population outburst, etc.
Explanation:
- The Indian economy faces a number of problems in the way of its development.
- The most common problems are poverty, lack of employment opportunity, overpopulation, limited availability of resources and finances, etc.
- Certain natural factors such as outburst of medical pandemics, natural disasters, etc are also responsible for interfering with the process of development of Indian economy.
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