fundamental challenges-ECONOMIC HURDLES-DEVELOPMENT

1. core characteristic of economy in the gray area -bulk of its revenue comes
from the agrarian sector, meaning not a developed economy
2. very narrow base of taxation for the state-continuance financial and fiscal
crisis, disabling its own ability to secure resources from its own society very
poor.
3. its fundamental capacity to innovate and in west in human capital (Ashley, j
tellis, south asia expert Carnegie endowment for intl peace)...over invested in
defense
4. Arpitha Bykere, senior analyst , roubini global economics says -foreign
investors reluctant to invest due to sectarianism, instability, and incompetent
business mgt, trend for foreign investors they want to re-patriate their
earnings after returns from foreign direct investment. re-investing back into
their own country