Journal of Cardiovascular Disease Research
Challenges Of India’s Fast-Growing Economy: An Analytical Study
Priyanka Singwal
JCDR. 2021: 3113-3120
Abstract
India's fast-growing economy presents numerous challenges that need to be addressed for sustained progress and inclusive development. Research in this field provides an overview of the key challenges faced by India as it experiences rapid economic growth. Addressing income disparities, reducing poverty, and ensuring equitable distribution of wealth emerge as critical challenges. India's infrastructure development also lags behind the pace of its economic growth, leading to bottlenecks in transportation, energy, and urban services. Improving and expanding infrastructure systems becomes imperative to sustain economic progress. Additionally, India faces environmental challenges such as air and water pollution, deforestation, and climate change impacts. Furthermore, the country encounters governance challenges, including corruption, bureaucratic inefficiency, and inadequate regulatory frameworks. Strengthening governance structures and institutions is essential to promote transparency, accountability, and good governance practices. Finally, India confronts educational and skill development challenges, with a need to enhance the quality of education, bridge the skill gap, and promote lifelong learning. Overcoming these challenges will be crucial for India's fast-growing economy to ensure inclusive and sustainable development for its vast population.
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