Multiple choice

Which of the following challenges does India face today?

  1. Shortage of food
  2. Agro-based economy
  3. Debt ridden to IMF
  4. Low growth rate

  1. Only 2 and 4

  2. Only 1 and 4

  3. Only 2 and 3

  4. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In the past, there have been fundamental and irreversible changes in the economy, government policies, outlook of business and industry, and in the mindset of the Indians in general. Let’s have a look over India’s progress chart.

  1. From a shortage economy of food and foreign exchange, India has now become a surplus one.
  2. From an agro-based economy, it has emerged as a service oriented one.
  3. From the low-growth of the past, the economy has become a high-growth one in the long-term. In fact, in post 2008 period, the resistance of Indian economy manifested by its impressive growth has been highly appreciated throughout the globe.
  4. After having been an aid recipient, India has now joined the aid givers club. India has become a net creditor to IMF, since July 2003.

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