Explainer: India's Budget Challenges

Explainer: India's Budget Challenges

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses India's efforts to revive its economy by promoting self-reliance and the 'Make in India' initiative. It highlights the challenges of economic contraction, public debt, and potential ratings downgrade. Strategies like tax cuts, capital expenditure, and infrastructure projects are considered crucial. The auto industry may benefit from a vehicle buyback plan, while the banking sector faces challenges with rising bad loans. Agriculture is a focus area, with potential measures to ease farming tensions. Foreign companies are keenly observing India's import tax policies amid global trade tensions.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main economic challenges India is facing according to the video?

High inflation rates

Overproduction in agriculture

Worst economic contraction in nearly 70 years

Lack of foreign investment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector is expected to benefit significantly from the government's economic strategy?

Tourism industry

Textile industry

Pharmaceutical industry

Auto industry

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What concern is associated with state-backed banks in India?

Lack of digital infrastructure

Overseas competition

High levels of bad loans

Decreasing interest rates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might foreign companies like IKEA and Tesla be affected by India's import tax policies?

They may face increased competition from local brands

They might benefit from reduced import taxes

They could be incentivized to manufacture locally

They may receive government subsidies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the government's potential approach to easing tensions in the farming sector?

Using a bill to address issues

Implementing a new subsidy program

Reducing water usage regulations

Increasing export duties

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