How has inadequate progress on factor market reforms impacted India's double-digit growth aspirations? What measures has the government taken in this regard?

II Capital (1) Predominance of non-institutional lending to MSMEs. (2) High degree of NPAs with banks. (3) Long drawn loan process reduces ease of doing business. III Labour (1) Lack of lab our productivity at only 25%.(NSSO Report), FLPR=32%. (2) High unemployment among youth at 40-45%.(highest globally) (3) 90% of unemployed workforce. IV Enterprise (1) Multiplicity of tax compliance to businesses. (2) High rate of failure of startups. - 90% of startups fail within first 5 years. (3) Import dependence on essential consumer goods. - Dependence on China for electronics.