Indian Economy in doldrums - Result of policy paralysis
Indian Economy in doldrums - Result of policy paralysis
With the increasing inflation and sluggish progression, the Indian economy is in a critical stage and the main consequence for this is policy paralysis.
For:
- Laxity of good supremacy and bungling led to the Indian economy in a dire
- A combination of an effective budget and politics will result in good governance, which is lacking big time in our country
- The poor state of the economy predicts prices for commodities that are necessary, where as those that act a s convenience and that of luxury are almost the same
Against:
- The policy paralysis could be a reason, but when there is more than one person leading they are bound to have 2 different viewpoints which will result not only in to confusion but also into loss of confidence
- Because of 2 people leading, the ruling party has mislaid the poise to form policies and implement as nobody is able to take a particular decision for the country and in the favour of the country
- It is the lack of unity that is rotting our economy as in spite of having the preeminent team of economist as well as policy makers, yet our economy has come to a bad state which is all the more disappointing.
Conclusion:
- Indian economy is in a bad state not only because of policy paralysis but also due to lack of unity and confidence amongst the democrats of the country who are unable to take a decision in the favour of the country.
Discussion
- RE: Indian Economy in doldrums - Result of policy paralysis -Rajani Sharma (12/14/13)
- For:
- By seeing the rising of prices and more inflation coming to the country and its system, it is quite evident that Indian Economy is in doldrums.
- Increase in the cost of essential commodities like onion and other day to day items that are daily in use proves the point that Indian Economy is going down.
- Indian economy is resulting in very poor condition as the prices of the items of necessity, convenience and luxury are increasing and a common man is suffering day by day to afford for all this things.
- Common man has been hit by the slowing down of Indian Economy as the earnings of the common man is not sufficient enough to provide all the necessary items to run their homes.
- The trust of the people investing in Indian share markets or in its commodities has decreased due to issues with the government and its policies.
- Aam aadmi has suffered the consequences of government’s wrong decision regarding the leadership, transparency and commitment and now everyone is facing the problem with the economical breakdown.
Against:
- More than the Indian economy’s breakdown there are new current context of improvement in the economy that needs to be talked about.
- The slowdown is due to the inflation that has caused due to hike of petrol prices and lack of resources to support the overall system.
- There are data that shows high growth but a slowdown on employment and having income crisis but high growth doesn’t mean rapid growth in employment or in income.
- 8 to 9 percent increase has been shown as productive growth and due to which it also showed increase in employment and workforce.
- Lots of business opportunities and employment opportunities have been opened up in the slowdown or economical crisis. This strongly suggests that we are recovering from the economical crisis and getting back with the normal economic routine.
- There are reports for increased resource mobilisation, expansion of public investment and expenditure in a number of neglected areas like agriculture, infrastructure and the social sector. This shows that the economic growth is happening in all the sectors but slowdown is causing us to think that we are still in bad phase. - RE: Indian Economy in doldrums - Result of policy paralysis -Rajesh (10/15/13)
Indian Economy in doldrums - Result of policy paralysis
The Indian economy seems to be running on a vehicle without wheel, and unless urgent measures are taken to solve it up, the country will continue to make a series of soft explosive sounds and face social, civic, and order crisis of unprecedented nature. With the increasing inflation and slow progress, the Indian economy is in a critical stage. The main consequence for this is policy failure while implementation and follow up of policy. For instance
1. India has failed to perceive China’s planned LAC policy
2. Mumbai blasts signal failure of India’s Pakistan policy
3. India fails to get FDI because of its weak IP policy
4. Continuing poverty is a policy failure
A combination of an effective budget and politics will result in good leadership, which is lacking big time in our country.
It is the lack of political consensus that is destroying our economy as in spite of having the preeminent team of economist as well as policy makers, yet our economy has come to a bad state which is all the more disappointing.
