What are challenges to india become 5 trillion economy?
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probably fani tornado is the answer
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Explanation:Achieving five trillion economy in 2024
Our prime minister and other important ministers and senior leaders of the ruling party has been picked up a line that the India would be the 5 trillion economy in 2024.sadly!In indian economy income inequalities are very high.richest 10% population in india hold four times more wealth than remaining 90%.thus these 10% will take away a lion’s share of this five trillion economy.
After observing economic growth pattern of our country we comes to know that there is a adverse impact of growth on development.recently unemployment is prevailing at high rate in country.the story of health,education,neutrinos are quite similar.
To achieve the yearning to be 5 trillion economy government have to take the steps like to increase public expenditure budget,raise public employment as well as contractual jobs,increasing additional jobs in context to provide quality education and health care facilities.at this point government should not take care of fiscal deficit this steps are essential to address the major problem of economy.
The real problem in the economy right now is a crash in aggregate demand that badly hit mainly hit automobiles sector,the production cuts results retrenchment about 3.5 lacs.there is a need of liquidity supply and stimulus packages to revive economy from the side of government.
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