Government Pumping Money into the Economy is not the Solution for our Economic Problems
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63 comments Page 2 of 7.
Samrat said:
1 decade ago
As per my knowledge Indian economy lies in its agriculture and education. India is not an industrial country right? so whenever we are talking about economical problems we must be aware of the fact that the problem lies in educational and agricultural fields.
Now, pumping money can not solve the problem if the Govt is pumping in other sectors like health, urbanisation or industry, but it will definitely be helping if the govt invests in agricultural and educational fields. I am not saying that all of the money should be invested in these two fields, obviously industry needs an investment, but in a country where 40% people are daily wage earners industry and urbanisation has not much to do to solve economic problems.
Yes economical problem is the other name of poverty and money can solve the problem but it can be solved only when the Govt invests it in proper sectors, without govt investment nothing is gonna happen because Indian public is not going to invest on their own like a charity right? So its only the govt money who can solve the problem.
Now, pumping money can not solve the problem if the Govt is pumping in other sectors like health, urbanisation or industry, but it will definitely be helping if the govt invests in agricultural and educational fields. I am not saying that all of the money should be invested in these two fields, obviously industry needs an investment, but in a country where 40% people are daily wage earners industry and urbanisation has not much to do to solve economic problems.
Yes economical problem is the other name of poverty and money can solve the problem but it can be solved only when the Govt invests it in proper sectors, without govt investment nothing is gonna happen because Indian public is not going to invest on their own like a charity right? So its only the govt money who can solve the problem.
(23)
Tappu said:
1 decade ago
Hello, friends about the topic I would like to say that pumping money in the economy can be a solution to the economy but for that we need proper infrastructure and arrangement. And we have neither of them. Our govt is a corrupt govt and our lack of infrastructure make all the money to move to the politician's pocket. So, I suggest instead of pumping money our govt should try to increase our export by increasing quality and quantity of our agriculture.
For that reason good quality seeds should be supplied to farmers, farmers should be made educated so that they can learn the new scientific techniques of farming. We should industrialize our country, because to be a developed country we have to be developed in both the sector and that will reduce import and at the same time increase lot of job opportunities that will reduce the need for money pumping in the society.
In nutshell I want to say instead of pumping money to our economy directly through different schemes we should try to utilize the money for the for industrialization and agriculture development.
For that reason good quality seeds should be supplied to farmers, farmers should be made educated so that they can learn the new scientific techniques of farming. We should industrialize our country, because to be a developed country we have to be developed in both the sector and that will reduce import and at the same time increase lot of job opportunities that will reduce the need for money pumping in the society.
In nutshell I want to say instead of pumping money to our economy directly through different schemes we should try to utilize the money for the for industrialization and agriculture development.
(23)
Harish said:
1 decade ago
Pumping of money in our country not doing in proper manner. We frequently listening some of government schemes and subsidies such as clearing loans this are not way spend money. Govt has to take steps to increase our production in agriculture. For that that govt has to take some responsibilities such as providing good quality seeds for farmer, by establishing more agricultural universities, govt will stop giving some subsides. Some govt schemes makes the peoples indolents. Try to increase production, with this exports will increase.
(6)
Raunaq said:
1 decade ago
Hi friends,
According to me pumping of money should be done only in the time of emergencies a country faces. If now for the reason of economic problems govt should take taxes and make policy for it but if pumping is done then before doing that a system for pipelining for it should be prepared and made available in public domain so that accumulation of wealth does not occur in the hands of few corrupt ministers.
According to me pumping of money should be done only in the time of emergencies a country faces. If now for the reason of economic problems govt should take taxes and make policy for it but if pumping is done then before doing that a system for pipelining for it should be prepared and made available in public domain so that accumulation of wealth does not occur in the hands of few corrupt ministers.
(4)
Kuntala dutta said:
1 decade ago
Pumping of Money in Economy means contribution or extra money and it is not the Solution for our Economic Problems. Because most part of the money goes to the politicians swish bank or into their pocket. In one article said if we will distribute the money of swish bank's of politician then every Indian will get 1 lakh. Recently one annashree yojana has come for poor people but what happened all money has gone to politicians bank. So instead of this way govt should think another way. They should provide some good scheme to the farmer since our 25% GDP is come from farmer only. They should make less tax pay scheme for the poor people.
Another solution is that the government should increase its export by increasing the production of the product to be export and should decrease the import by producing those products in the India.
So, according to my thinking, pumping of the money is not the only solution to the problems and instead of this, government should think of the other solutions.
Another solution is that the government should increase its export by increasing the production of the product to be export and should decrease the import by producing those products in the India.
So, according to my thinking, pumping of the money is not the only solution to the problems and instead of this, government should think of the other solutions.
(15)
Naman sreen said:
1 decade ago
According to me government putting money into economy is not the solution of our economic problems. Government has to take steps to decrease it's budget deficit, putting more money into the economy will increase fiscal deficit. Currently Inflation, Current account deficit and debt to gdp ratio are main concerns, pumping money will increase all of them. Even if government pumps in money into the economy with various schemes like food bill or other bills, India does not possess the infrastructure to support these bills, so they are basically of no use. Even if these bills have a viable solution in them, the money raised for these bills is not used fully for the implementation of these bills but politicians use it to fill up their own pockets. Austerity measures have to be taken up by government to decrease further spending. This can be done by raising exports, decreasing imports through high tariffs and controlling the money flow by increasing CRR, Repo rate. Another step government should take to solve this problem is have investor friendly environment to increase the FDI inflow which will really help to improve our economies condition.
(22)
Santhosh kumar said:
1 decade ago
Here pumping money is great though it will do in a proper way.
If they can't do it in proper way it will effect on our country economic growth.
Other factor is that politicians always try to fill their bank balance and their property, they do not think about common man.
Another thing is that corruption.
In our vast country country people need money not their security f his family is good don't bother about other families this is the way how Indians behavior.
In my view pumping money is do in proper way to avoid from bad thing.
If they can't do it in proper way it will effect on our country economic growth.
Other factor is that politicians always try to fill their bank balance and their property, they do not think about common man.
Another thing is that corruption.
In our vast country country people need money not their security f his family is good don't bother about other families this is the way how Indians behavior.
In my view pumping money is do in proper way to avoid from bad thing.
(4)
Subhash Sharma said:
1 decade ago
Hello friends,
I think that pumping of money in a developing economy like India has its pros and cons.
(1) As govt needs to implement its present policies at ground level more strictly instead of thinking to invest more money. Because we all know that the some share of money invested by govt on various infrastructure project are going to the personal account of many politicians and officers. Which cause scams like 2G, CWG etc.
(2) Govt should encourage local and small entrepreneurs to increase exports and reduce current account deficit. Which increase foreign exchange and appreciates rupee.
(3) Govt should regulate its on-going programmers/policies within the specified period. In order to avoid any misapplication of funds allotted.
(4) on the other hand if govt pump money in economy it increases the employment, GDP and literacy rate.
I think that pumping of money in a developing economy like India has its pros and cons.
(1) As govt needs to implement its present policies at ground level more strictly instead of thinking to invest more money. Because we all know that the some share of money invested by govt on various infrastructure project are going to the personal account of many politicians and officers. Which cause scams like 2G, CWG etc.
(2) Govt should encourage local and small entrepreneurs to increase exports and reduce current account deficit. Which increase foreign exchange and appreciates rupee.
(3) Govt should regulate its on-going programmers/policies within the specified period. In order to avoid any misapplication of funds allotted.
(4) on the other hand if govt pump money in economy it increases the employment, GDP and literacy rate.
(16)
Prasad said:
1 decade ago
Pumping of Money in Economy means contribution or extra money. Extra money comes from which sources: if RBI print new notes and pump in the market the result outcomes is huge inflation and the mismatch of Demand & supply. So that pumping money in the economy is not only a solution but searching new schemes like increase the production of crops, by increase the amount of export material and changing the interest rate, CRR and Repo rate government solve the problem of economy. Bye bye see you.
(7)
RANDHIR said:
1 decade ago
Pumping money by our Indian government is not in right way today Indian reached to such a position there every one even a child with worn are under a 25000 debt load and after that high price for food, house, and shelter so if really want to come out from this problem then we must aware of our economics our education system politician and our source of eligibility and take down all the problem below then India will com to the rich.
(1)
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