కీన్స్ ప్రత్యక్ష్యం కావలసిందే, ముంచుకొస్తున్న ఆర్థిక సంక్షోభం|| Keynesian Economics To The Rescue?||
Experts across the ideological divide thus agree on the need for India to create jobs and achieve output growth. Without these, high government deficits or even credit growth could lead to inflation and currency instability. Did we really need experts to tell us this?
The creation of jobs and sustained domestic output growth has been our Achilles Heel for decades now. Periods of high growth have often been accompanied by a rapid growth in inflation, imports and our current account deficit.
Job creation and output growth at least partly explain why China is able to sustain more than twice India’s total debt, as a percentage of GDP.
As things stand, many issues still come in the way of us achieving sustainable job creation and domestic output growth.
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కీన్స్ ప్రత్యక్ష్యం కావలసిందే, ముంచుకొస్తున్న ఆర్థిక సంక్షోభం|| Keynesian Economics To The Rescue?|| Experts across the ideological divide thus agree on the need for India to create jobs and achieve output growth. Without these, high government deficits or even credit growth could lead to inflation and currency instability. Did we really need experts to tell us this? The creation of jobs and sustained domestic output growth has been our Achilles Heel for decades now. Periods of high growth have often been accompanied by a rapid growth in inflation, imports and our current account deficit. Job creation and output growth at least partly explain why China is able to sustain more than twice India’s total debt, as a percentage of GDP. As things stand, many issues still come in the way of us achieving sustainable job creation and domestic output growth.