Economics · Economy

What is a significant challenge India faces in achieving high-level diversified manufacturing?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1A predominantly service-based economy limiting the scope for diversified manufacturing.
2Excessive government regulation favoring small enterprises over large manufacturers.
3Over-reliance on the agricultural sector hindering industrial growth.
4Lack of skilled labor and infrastructure bottlenecks.✓

Correct answer

Lack of skilled labor and infrastructure bottlenecks.

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