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High GDP growth rate of India - Know challenges associated with rapid growth - Current Affairs 2018 Video Lecture | Indian Economy for Government Exams (Hindi) - Bank Exams

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FAQs on High GDP growth rate of India - Know challenges associated with rapid growth - Current Affairs 2018 Video Lecture - Indian Economy for Government Exams (Hindi) - Bank Exams

1. What is the current GDP growth rate of India?
Ans. As of the latest data available, the GDP growth rate of India for the year 2018-2019 was 6.8%.
2. What are the challenges associated with rapid GDP growth in India?
Ans. Rapid GDP growth in India faces several challenges, including income inequality, unemployment, infrastructure development, environmental degradation, and fiscal deficit.
3. How does income inequality pose a challenge to India's high GDP growth rate?
Ans. Income inequality can hinder inclusive growth and create social unrest. It can lead to disparities in access to resources, education, and healthcare, thereby affecting the overall development of the country.
4. What impact does environmental degradation have on India's rapid GDP growth?
Ans. Environmental degradation, such as pollution and depletion of natural resources, can have adverse effects on public health, agricultural productivity, and ecosystem stability. This can hamper sustainable development and hinder long-term economic growth.
5. How does fiscal deficit affect India's high GDP growth rate?
Ans. Fiscal deficit occurs when a government's expenditure exceeds its revenue. It can lead to increased borrowing, high interest rates, and inflation, which can negatively impact the overall economy and hinder sustainable GDP growth.
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