Question

What are the two primary types of challenges currently affecting India's economic growth?

• A. Cultural and political
• B. Cyclic and structural
• C. Environmental and technological
• D. Demographic and geographical

Answer 1

Answer:

B. Cyclic and structural

• India's economy is facing both cyclic and structural challenges.

• Cyclic challenges refer to the short-term fluctuations in the economy, while structural challenges are deep-rooted issues that need long-term solutions.

• Addressing both types of challenges is essential for sustainable economic growth and for achieving ambitious targets, like becoming a $5 trillion economy.