Q. Consider the following:
- High food, commodity and energy prices
- Sovereign debt problems
- High level of government debt
The Economy of India is facing which among the above problems now a days?
Answer:
Only 1
Notes: The correct answer is 1: High food, commodity, and energy prices. India has been grappling with rising inflation, particularly in food and energy sectors, driven by global supply chain disruptions and geopolitical tensions. For instance, the price of essential commodities like cooking oil and pulses has surged, impacting household budgets. While sovereign debt and government debt levels are concerns, the immediate challenge has been the inflationary pressure on food and energy, which affects the overall cost of living and economic stability.