discuss the current economic development of India.
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discuss the current economic development of India.
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Answer:
It has the world's fourth-largest foreign-exchange reserves worth $585 billion. India has a high public debt with 89% of GDP, while its fiscal deficit stood at 9.5
Explanation:
The primary economic issues in India are:
Low per capita income.
Huge dependence of 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