suggest measures to overcome the present economic crisis
Answers
The economy is in a downward spiral. The stock market has taken a huge beating after the Budget was announced, as foreign portfolio investments (FPIs) have fled. Major sectors are drastically down and layoffs increasing.
The economy is, perhaps, in a worse shape than when Modi came to power. Turning all this into a virtuous cycle, and to revive ‘animal spirits’ to reach the goal of a $5 trillion economy, will require some of the harmful measures in the Budget to be retracted, and get growth, exports and investment — not handouts — to become the focus of economic policy.
Explanation:
Civil society should create the maximum number of small savings bank that offer investment credit
Irresponsible workers(bankers,doctors any other professions) must be given severe warning
We need agricultural cooperatives using modern 3-dimensional,hydroponic food production near the consumers
Education can be accesed by tutions,retired professors
Make generous credits available for micro companies in the fields of basic needs and employ the most needy themselves