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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
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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Dec 21, 2024 Last updated |
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