Challenges

Global Economic Challenges:
Slowing Growth:
Global economic growth is projected to remain below pre-pandemic trends, with ongoing conflicts and geopolitical tensions posing significant risks.
Rising Unemployment:
Unemployment remains a serious issue in many countries, exacerbated by economic downturns and the impact of global events.
Inflation:
Inflationary pressures persist due to supply chain disruptions and rising demand, impacting consumers and businesses.
Geopolitical Risks:
Conflicts and trade restrictions pose significant challenges to global economic stability and growth.
Climate Change:
Climate change poses a long-term threat to economic stability and productivity, requiring urgent action.
Technological Disruption:
Rapid technological advancements can lead to job displacement and require workforce adaptation and reskilling.
Income Inequality:
Growing income inequality within and between countries can lead to social unrest and economic instability.
Indian Economic Challenges:
Infrastructure Deficit:
India faces a significant infrastructure gap, hindering economic development and competitiveness.
Unemployment and Underemployment:
Despite rapid economic growth, unemployment and underemployment remain significant problems.
Income Inequality:
There is a large disparity between the rich and the poor, which is one of the major economic issues in India.
Large Informal Sector:
A large portion of the Indian economy operates in the informal sector, lacking social security and facing challenges in accessing credit and formal employment.
Poverty:
Poverty remains a persistent challenge, hindering human capital development and economic growth.
Agriculture Sector:
The Indian economy is heavily reliant on agriculture, which faces challenges like climate change, water scarcity, and low productivity.
Education and Healthcare:
Access to quality education and healthcare remains a challenge, hindering human capital development and economic growth.
Market Fluctuations:
Market fluctuations such as inflation, the digital economy's tax challenges, or GST implementation challenges are serious threats to growth and development.