Despite the rapid globalization, the country's economy has no favorable impact


Reception or Slowdown
Economists do not have a say in whether the country's GDP growth rate declines in two consecutive quarters, called recession, or if GDP growth rate becomes negative, it is called recession. But now everyone accepts that the country's economy is undergoing a severe slowdown. Economic growth has slowed down. In order to bring the country's economy out of the slowness, the Reserve Bank of India has reduced the bank rate for the fifth time in a row, so that the short-term repo rate has now fallen to 8.5 percent and reverse reporter to 5 percent.

It is hoped that this step will increase commercial and industrial credit in the country. It is a matter of serious concern that the Reserve Bank has reduced the economic growth rate of 5-6 financial years from 8.5 percent to 8.5 percent. The RBI itself, which predicts a slowdown in economic growth, cannot be taken lightly. The Reserve Bank has a strong desire for both private investment to increase and demand to increase simultaneously.

What is most worrisome is that despite the government's numerous schemes, tax concessions, the Reserve Bank's diligent efforts, medicine does not seem to have a chilling effect on the country's ill-fated economy. The government says pause and wait. Opposition parties say that this is the mismanagement of the economy by the government and that the causes of the global recession have nothing to do with India's sick economy.

The only thing that satisfies the current government is controlling the inflation rate and the country's foreign exchange has reached 3 billion dollars and almost a year's imports.

Opposition parties say that because the government has announced a reduction of Rs 1.5 crore in corporate tax this year, the government will not be able to restrict it to the target of 8.5 percent of the fiscal deficit. It is now feared that it will reach 5%.

The US entered the era of economic growth rate ten to ten consecutive years ago, and China for the last three decades at the highest economic growth rate. After that, the United States achieved the highest economic growth rate for ten consecutive years, which has never happened in its history. India has not achieved consistently high economic rates, except for the five-year high economic growth rate of UPA-1.

Even revolutionary technology and rapid globalization have not helped sustain India's growth rate. On the contrary, our exports to the country have stalled.

Why is India behind?
Is. Our desire to reach the real income (not real income, not nominal income) of five trillion dollars in 2 does not seem to be achieved.

Remember that two years after Mao's death, China made such a flat that the annual income per capita of the poorer China reached 3 dollars in 1 and China eradicated poverty. We are around those two dollars and poverty is not eliminated. When economists talk about economic miracles, it speaks of Taiwan, China, Malaysia, South Korea, Singapore, Hong Kong and to some extent Thailand, but not other Asian countries like Bangladesh, India, Myanmar, Nepal, Sri Lanka.

It is a matter of pride for the BJP's motherhood that it is India but not India if any country has increased the largest number of population in the total population of the world in the last twenty years. Demographic dividends are available only when the people are equipped with higher education and especially higher technical education.

We have found a hugely effective innocent way to control the population. Graduate women with higher education and not even fourth, fifth grade. Educated women automatically control the population. It is as if we have received this natural blessing that India's female education does not grow as fast as it should. The spike increases at a slower rate.

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