Which of the following factors is impeding economic growth in India?
A.
poor infrastructure
B.
its command economy
C.
microlending
D.
outsourcing
It’s poor infrastructure
thxz :/
To determine which factor is impeding economic growth in India, let's examine each option and its impact on the economy:
A. Poor infrastructure: India's poor infrastructure, including inadequate transportation systems, outdated power grids, and limited access to healthcare and education, is a significant impediment to economic growth. This factor hampers productivity, increases costs, and makes it challenging for businesses to operate efficiently.
B. Command economy: India does not have a command economy. A command economy is an economic system where the government centrally plans and controls all key aspects of production and distribution. India, on the other hand, has a mixed economy, combining elements of both planned and free-market systems.
C. Microlending: Microlending refers to providing small loans to people, often in low-income communities, to help them start or grow businesses. While microlending can have a positive impact on economic growth by fostering entrepreneurship and empowering individuals, it is not a factor that is currently impeding economic growth in India.
D. Outsourcing: Outsourcing has been an integral part of India's economic growth in recent decades. It has helped the country become a global hub for information technology and business process outsourcing. Outsourcing has led to job creation, increased foreign investment, and the development of India's service sector, contributing significantly to the country's economic growth.
Therefore, based on the options provided, the factor impeding economic growth in India is A. poor infrastructure.