Hurdles before the growth of Indian Economy

[Junoon]

At present the three main hurdles before the growth of Indian Economy are poverty, unemployment and inflation.

Poverty in India : Owing to poverty a large section of Indian population is not getting the basic needs of life like food, shelter and clothing. From economic point of view they are termed as poverty ridden and living a standard of life which is below the earmarked line of poverty. It is the duty of the Government to eradicate this enormous problem of poverty and take suitable steps in this regard by developing a meaningful mechanism which can identify the actual level of poverty and total percentage of country men involved within it. With this mechanism in place, the Government can find out the actual percentage of population those are living below the line of poverty level and take up suitable poverty alleviation measures.

Unemployment in India :There are many people in India who are quite able and eager to work but do not get jobs for maintaining their livelihoods and these section of people are called as unemployed. The veracity of unemployment problem can be gauged by surveys and censuses. The other alternative for identifying unemployment problem is to collect data from employment exchanges of the country and remove it with the application of rural works programme, entrepreneurial development programme and national rural employment programme.

The third problem i.e. Inflation takes place when more money come in the hands of people which in turn rises the demand for goods and services. Government can control the inflation by adapting monetary measures, fiscal measures and taking care about public distribution system. Curbing hoarding and supplying day to day use - essential items at reasonable prices are also the other effective ways to control the price rise. But in this connection, it is to be kept in mind that moderate price rise is not bad for accentuating growth of economy.

 

[Tigerr]

Though India has made many economic reforms there seems to be quite a few hurdles in the way for healthy growth of economy. The poorer section of people living in India poses the major concern in effective development of economy. The development in the poorer section is quite low and there are not affirmative signs of stabilization of that section which affects the total GDP of the country.

 

[nidhisood]

with al these hurdles, the problems of the nation are getting more intense, as the poor are getting poorer and the rich are getting richer. poor, uneducated, unemployed people are usually unaware and unhealthy! because they are not getting the required exposure to the world, they are cutting off from the society and lagging behind in every field. once they are uplifted and brought forward, they will not only become the strength of the nation, but will also join hands with the rest of the nation.
it is a dire need of the country to bring them forward and introduce them to the new, developed world! there needs like education, health and awareness should be the aim for the government at the moment.

 

[Suryavanshi]

A big trouble india is facing

Though the Indian economy is growing at a very fast pace but it is also true that India is facing a large number of hurdles in its way to grow.

Karan, the hurdles that you have mentioned are absolutely correct but apart from these there are some other big problems as well that are stopping the growth of our economy like corruption, population, pollution, ill-treatment of female gender and biased towards male gender, and still many more in line.

Hence, it really necessitates our government to take some immediate actions in order to make their path to success a smoother one.