The present day economic scenario in India

INDIAS ECONOMIC problems are linked to the semipolitical infighting and upheavals, though the link is asymmetric in the sense that it is one way, and runs simply from politics to scotchs, and non from the other way around. In fact, the political execute-up in the country, and the role of its stakeholders adversely affects the economic scenario in a big way, but, on the other hand, the politicians (also called the political entrepreneurs in the verbal communication of the New Political Economics) do not at one time bother much somewhat the economic set-up, in general, and the economic and social well-being of the people, in particular, in the country. These role players exclusively do whatever is near to them and their voting originator in enhancing the intensity of what we term as the rent-seeking and directly unproductive profit-seeking activities. accord to one study, in more or less of the developing countries, including India, virtually 45 per cent of the natio nal income is woolly in these activities. The bureaucrats and the so-called courteous administrators (who are neither accomplished nor do they provide some(prenominal) effective civil service) are the biggest supporters of the politicians who matter. It is for this evidence that when the political power changes, the bureaucrats are also transferred, and another set takes their place.

Let us now look at what is incisively happening in the country on both the fronts in recent times: Economic Front There has been a continuous regressing economic meltdown in the US and the westmost that had emanated ess entially because of lack of liquidity, mark! et place confidence and extraordinary capital resources. Because of globalisation, it spread all all over the world, including India. In the past few months, the government of India has announced many an(prenominal) packages to bring forward up the economy, but the end-result of these steps is not nevertheless visible. stock-still the interim (mini-budget), as announced on February 16 had brought about a major hike of about 30 percent or so from last years allocations in...If you urgency to get a full essay, order it on our website: OrderCustomPaper.com

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