how can we upgrade our economy given the strength of the global economy, especially the giant economies like the United States and Japan?
Answers
To upgrade our economy the following ideas may be beneficial:
1. A country economy depends on different sectors that are prevalent in that country.
2. In countries like India, farming, transport, and IT sectors are occupied. Other sectors are not given that much importance.
3. We need to develop the technology in existing prevalent sectors like including good machines in farming to increase crop production that eventually will increase GDP.
4. More different types of job opportunities should be given and not only of one type. For example, many engineers are not fit for engineering because they were forced to do it. Because of this other lower but important sectors remain vacant.
5. Giving financial education to youths is a very important step that can prepare youths to find ways to financial independence more efficiently.
To upgrade our economy the following ideas may be beneficial:
1. The economy of a country is based on the various sectors that exist in that country.
2. Agriculture, transportation, and information technology are all occupied in countries like India. Other sectors aren't given nearly as much weight.
3. We need to advance technology in existing industries, such as agriculture, to boost crop yield and, as a result, GDP.
4. There should be a greater variety of career alternatives available, rather than just one type. Many engineers, for example, are unfit for the job because they were compelled to do it. As a result, other significant but lower-level sectors remain empty.
5. Providing financial education to youngsters is a crucial step that can better educate them to identify strategies to achieve financial independence.
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