Which of the following factors is impeding economic growth in India?
A.
poor infrastructure
B.
its command economy
C.
microlending
D.
outsourcing
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To determine which of the factors listed is impeding economic growth in India, we can analyze each option individually.
A. Poor infrastructure: India has indeed been facing challenges with its infrastructure, including inadequate transportation systems, insufficient power supply, and limited access to clean water. These issues can hinder economic growth by affecting productivity, increasing costs, and limiting market access.
B. Command economy: While India does have a mixed economy, with elements of both central planning and market-oriented policies, it is not primarily a command economy. In recent decades, India has pursued market-oriented reforms, including liberalization of trade and investment, which have contributed to its economic growth.
C. Microlending: Microlending refers to the provision of small loans, typically to individuals with limited access to traditional banking services. While microlending can be beneficial by promoting entrepreneurship and financial inclusion, it is less likely to be impeding economic growth in India.
D. Outsourcing: Outsourcing refers to the practice of acquiring goods or services from external sources, often from overseas. Indian companies have been actively involved in providing outsourced services, particularly in the information technology (IT) and business process outsourcing (BPO) sectors. In fact, outsourcing has been one of the driving forces behind India's economic growth and the IT revolution in the country.
Based on this analysis, the factor that is likely impeding economic growth in India is A. poor infrastructure.