Question

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

o High competition causes businesses to collapse.
Tariffs, quotas, and other protective regulations limit trade.
The government does not invest in improvements to job training and machinery.
O Outsourcing leads to fewer jobs.

Answer 1

Tariffs, quotas, and other protective regulations limit trade.

Outsourcing leads to fewer jobs.

Step-by-step 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.