Directed lending While there are widespread reservations about directed lending, in a developing country like India, there is need for some sort of directed lending, especially to agriculture, small-industry and export sector. No doubt, directed lending is not the same as subsidised lending.
Given that the service sector is considered to be the most labour-intensive of the three major sectors, its underdevelopment has had negative implications for overall employment. Fourth, income inequality has been on the rise. Average urban income is now three times higher than average rural income.