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frutty [35]
4 years ago
10

Which statement best summarizes a major challenge in India's economy?

Social Studies
1 answer:
tia_tia [17]4 years ago
5 0

Answer:

Tariffs, quotas, and other protective regulations limit trade.

Outsourcing leads to fewer jobs.

Explanation:

There are several reasons why the economy of India was being challenged. Trade barriers have come out to be a serious cause for restricted economic growth.

Another reason would be outsourcing of investments which would lead to foreign companies benefit rather than in-house benefits. This leads to fewer jobs, which in turn leads to  an increase in poverty. A poor country cannot be expected to have a growing economy.

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