Sustainable solutions for Indian economy

Jakhotiya, Girish (2019): Sustainable solutions for Indian economy.

Abstract

The present Indian economy is stuck with ‘stagpression’ i.e. stagnation and moderate depression. Stagnation has been a result of slowed down reforms. Depression is partially on account of the impact of global recession and partially demonetization. India needs to grow on all the fronts of ‘economic activism’, fuelling its growth in GDP back to 8%. This alone should solve its serious problems of growing unemployment, reducing public savings, deteriorating the condition of poor farmers and fast increasing imbalance causing a serious structural dilemma. India’s potentials will have to be rationally and entrepreneurially channelized towards an appropriate socio-economic goal.

• Item Type: MPRA Paper
• Language: English
• Keywords: Indian Economy, Depression, Stagnation, GDP
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development

References

1.Department of Economic Affairs, Ministry of Finance, India “Economic Survey of India – Year 2013-18”

2.Indian Statistical Institute, “Annual Reports – Year 2013-18”

3.Reserve Bank of India, “Annual Reports – Year 2013-18”

4.Dr. Girish Jakhotiya, (Second Edition 2012) “Strategic Financial Management”