Some vital indicators of the economy including exports, foreign investments and employment numbers suggest that economic activities in India are gradually improving. Exports of certain commodities have gone up. However, the economy still faces various problems and challenges, such as corruption, lack of infrastructure, poverty in rural areas and poor tax collection rates. Unemployment is still a major issue in both rural and urban areas.
Some steps the Government can take :
- Government needs to create more jobs
- Increase demand and purchasing power of consumers
- Government needs to provide skill-based education
- Disinvestment, labour reforms & simplification of GST
- Focus on providing skilled labour and not cheap labour
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