what problem is faced by the way under deueloped India economy
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Development Issues of Indian Economy
On one hand, India is receiving accolades for a sustained growth rate and on the other, it is still a low-income developing economy. Even today, nearly 25 percent of India’s population lives below the poverty line. Also, there are many human and natural resources which are under-utilized. In this article, we will explore the economic issues in India.
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Low per capita income
Further, apart from the low per-capita income, Indiaalso has a problem of unequal distribution of income. This makes the problem of poverty a critical one and a big obstacle in the economic progress of the country. Therefore, low per-capita income is one of the primary economic issues in India.
Problems Facing Indian Economy
Unemployment
.Poor educational standards.
Poor Infrastructure
.Balance of Payments deterioration.
High levels of private debt.
Inequality has risen rather than decreased.
Large Budget Deficit.
Rigid labour Laws.
Further, apart from the low per-capita income, Indiaalso has a problem of unequal distribution of income. This makes the problem of poverty a critical one and a big obstacle in the economic progress of the country. Therefore, low per-capita income is one of the primary economic issues in India.
Problems Facing Indian Economy
Unemployment
.Poor educational standards.
Poor Infrastructure
.Balance of Payments deterioration.
High levels of private debt.
Inequality has risen rather than decreased.
Large Budget Deficit.
Rigid labour Laws.
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