INDIA'S ECONOMMY



          Economic inequality has increased in India by the end of year 2020, during which the 

world suffered from Kovid 19 pandemic.  Profits of the big industries have soared while 

the unemployment among the rural women and urban youth has increased significantly.  

The proposed budget for the fiscal year 2021-2022 does not provide needed income 

support for the poor and liberal credit support for the revitalization of small and medium 

industries.


          Increased infrastructure spending and disinvestment of several public sector units

are welcome policy steps but the devil is in the degree of efficient implementation. To

come out safely from the pandemic, vaccination of the population needs to be followed 

with aggressive speed. Protectionism is not good for India's gdp growth. The current trend 

of  increasing import duties is ill-advised, especially since it does not help promotion of 

exports, which is vital for stimulating economic growth. Simplification of GST rates is still 

needed to be done. 
























































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