4 Biggest Challanges for Indian People in Modi Government 3.0, fisrt one of the biggest challenges faced by the finance industry in India is the issue of non-performing assets and bad debts. In the last few years, many banks and financial institutions are struggling with increasing NPAs and these are continuously increasing. Which has had a significant impact on their profitability and sustainability. Along with the condition of banks, the economic system is also deteriorating. This will have a very practical impact on the country’s economy.
Present there are other many financial challenges in Modi Government 3.0. The GDP growth we are seeing now is very good (7.3%) but according to RBI, maintaining it (7.6%) is also going to be a big challenge. Because the whole world is in a recession and it will not be easy to maintain this growth rate.
BIGGEST CHALLENGES ARE GIVEN BELOW
1. Share Market
FII are very afraid with this alliance government. Selling pressure in share market. This is the biggest challenges for Modi 3.0. What is the policy for FII and country for development? But DIIs are very happy with the government and I think they know what is the status of this government and the projects. FIIs are selling in the stock market and DIIs are holding on to the market and are continuously buying.
JOBS- Employment
The India Employment Report 2024 of the Institute of Human Development/International Labor Organization presents a very poor and gloomy outlook for the approximately 7-8 million youth joining our country’s labor force every year, comprising about 83% of India’s unemployed. This is happening every year and there is no proper plan for the employment of youth, this is also the biggest challenge for this government.
Inflation
Inflation is the gradual decline in consumer purchasing power, reflected in widespread increases in the prices of goods and services over time. These days inflation are increase in food (8%), construction materials (4.5%), medical (14%).
International Relation
India’s growing stature across the world and assertive foreign policy, but now in the current situation where relations with our neighboring countries are not going well, it is not being considered as one of the recent major achievements of the Modi administration. However, a major diplomatic tension remains between Nepal, Pakistan, Bhutan, Myanmar and China, which was triggered by a 2020 border clash that left 20 Indian and four Chinese soldiers dead. Modi said last month, the countries should address the “prolonged situation”, on their border. Modi’s government, has been trying to attract foreign companies to diversify supply chains beyond China.
Now above you see the 4 Biggest Challanges for Indian People in Modi Government 3.0. What decisions do they take for the future of great India.
