Question

How to generate growth? What are the issues in growth, development and employment?​

Answer 1

Answer:

How to generate growth? What are the issues in growth, development and employment? Is India growing? Are there issues with India’s growth or development? – There should not be any doubt about the fact that India is growing. India is now growing at 5% per year. But the problem with India is that it was growing at near 9% three years back! So the growth has declined – That is the first issue with our growth.

Issues in India’s growth, development and employment:

India’s growth is declining. (currently at 5%).

India’s growth is largely contributed to by the service sector. There is stagnation in the manufacturing sector.

Indian agriculture is still heavily dependent on monsoon. Nearly 50 % of the population dependent on agriculture which contributes only 14% of GDP.

For a country to grow, there should be investment in productive areas. There should also be supporting infrastructure. Currently India has issues in both.

Due to external and internal factors, there is decline in foreign investment. This is widening our Current Account Deficit.

For providing welfare schemes, subsidies and defense expenditure, India is borrowing. The Fiscal Deficit of India is enlarging.

India’s export sector is not growing in accordance with the demands of import goods.

Growth is not entirely inclusive. There are still a significant portion of people below poverty line.

There are issues with employment too. Though the unemployment rate is in single digit now, most of the employment in India is disguised unemployment. (In agricultural sector). The average salary and per-capita income of Indians are very low.

Answer 2

Answer:

▪︎Key Points To Generate Growth-

Establish a value proposition. For your business to sustain long-term growth, you must understand what sets it apart from the competition.

Identify your ideal customer.

Define your key indicators.

Verify your revenue streams.

Look to your competition.

Focus on your strengths.

Invest in talent.

▪︎Issues in India's growth, development and employment:

India's growth is largely contributed to by the service sector. There is stagnation in the manufacturing sector. Indian agriculture is still heavily dependent on monsoon. Nearly 50 % of the population dependent on agriculture which contributes only 14% of GDP.