Government Pumping Money into the Economy is not the Solution for our Economic Problems
Points to remember before you participate in this discussion:
- Assume you are one of the members of a real group discussion.
- Take the initiative to participate and contribute your thoughts.
- Contribute your positive thoughts towards providing the solution.
- Post your thoughts here.
Discussion:
63 comments Page 2 of 7.
Ms khan said:
1 decade ago
Yes definately I agree that pumping money in economy doesn't mean grow of economy. We all know that 70% of real India resides in villages. We always talk about the India which is signing in cities and we never give a thought to India which resides in villages. The basic infrastructure such as roads, water, hygieine, education, electiricity, is missing in real India. The foreign comnpanies which are investing in our country want to have a safer destination in cities thus the cities are signing. Because government care musch about the FDI rather than thinking about the common people. Unless or until the common people gains on economical front there will no real economical growth. The govt should create infrastructure in villages and towns so the foreign countries don't hesitiate in investing in town and villages. When the dollars will reach to the villages and towns and India that will be the real Indian economic growth.
(53)
Sowmya Setty said:
1 decade ago
Pumping in the money will not be a solution for the economic problem as because inflation and recession are major economic problems which arises either due to more money in the economy or lack of money in the economy where pumping in money will defiantly accumulate in few hands rather than spreading in the economy so either by sucking the money from the nee-sh people to avoid inflation ex which Rbi takes steps as increasing the oil price, alcohol and cigarates price etc. , and times of recession it take steps as decreasing the rates etc. ,
(1)
Kavitha said:
1 decade ago
Yes i agree with the statement. In most of the cases the money suplied by the government is misused by those who sit in authorities for their personal needs or they are not utilised properly in the areas of public interest. For instance how many roads are remaining unrepaired? adequate health care is not still extended to the poor parts of the country. What is actually happening..? the illiterate are mishandled.This is all the problem of governing bodies not all are targeted but most of them, who uses the public money to satisfy their unsatiable greed.
Indian economy is mainly agro based, so famers shoul be encouraged, by providing money and equipping them with the latest technologies, for this education has great role. Proper utilisation of land and wealth along with the involvement of skills and newr ideas if put togeter will help the nation's economy.., so simply pumping money is not a solution
Indian economy is mainly agro based, so famers shoul be encouraged, by providing money and equipping them with the latest technologies, for this education has great role. Proper utilisation of land and wealth along with the involvement of skills and newr ideas if put togeter will help the nation's economy.., so simply pumping money is not a solution
(14)
Pankaj said:
1 decade ago
According to me government should pump money in the economy but in right direction we dont have proper infrastructure facilities, healthcare facilities, educational facilities,so how can we dream of a country with high growth rate and development. As previously said by one of the participant that government should keep track of the activities which it undertakes by pumping more money.
(6)
Ranjit basu said:
1 decade ago
According to me pumping money will solve the monetary crisis for short term but adopting significant measures would be a better idea in long run.
Pumping money into the economy always had an adverse effect in form of increased taxes which in turn the people need to pay.
More over the Indian govt mostly rely on FII for infrastructural project and other development. So need to concentrate on attracting FDI and FII and prevent erosion of domestic treasury.
Since Indians have a peculiar habit of saving rather than spending the govt should find out new ways and means to attract these small funds towards the development of the society. One such way is mutual funds.
Apart from this if the government really wants to improve the economic condition of the society then it should have a proper focus on the usage of funds and the application of funds in respect to the activity.
Pumping money into the economy always had an adverse effect in form of increased taxes which in turn the people need to pay.
More over the Indian govt mostly rely on FII for infrastructural project and other development. So need to concentrate on attracting FDI and FII and prevent erosion of domestic treasury.
Since Indians have a peculiar habit of saving rather than spending the govt should find out new ways and means to attract these small funds towards the development of the society. One such way is mutual funds.
Apart from this if the government really wants to improve the economic condition of the society then it should have a proper focus on the usage of funds and the application of funds in respect to the activity.
(24)
Ankit Agarwala said:
1 decade ago
Yes , I agree with the topic because its not the ultimate solution to this problem but only temporary which will have myriad side effects on our economy. But if the Govt encourages export, Invest in infra as well as harness more quality work force and educating the youth and illiterate will be a pragmatic decision as we know that 2/3 of our country is an agrarian economy.
So invest in an sector that fixes the root causes of our problems and see the GDP rate rising rapidly and eradicating poverty and corruption from its root and become a super power nation within a decade or so.
So invest in an sector that fixes the root causes of our problems and see the GDP rate rising rapidly and eradicating poverty and corruption from its root and become a super power nation within a decade or so.
(4)
Jimut Rakshit said:
1 decade ago
Yes, I am totaly agree with the statement that government pumping money in economy is not the actual solution, spending money is not the actual solution to get the hell out from the problems, the think is that whether you prperly utilized the money?or shall it utilized in proper sector?Though we are rising country, developing country, but we still far behind the developing economy like China, South korea, South africa, interms of our infrastructure, education, technology, rural India is as usual as it is. Let's take an example from economic India->India's shipping channels being too shallow, much of the containers destined for the country and carried by such large vessels have to be trans-shipped at ports in Colombo, Singapore or Dubai. Indian ports won't be able to handle the world's biggest cargo ships when they start sailing because facilities in this country aren't capable of handling the vessels or the volume of containers they carry. Our product is such inferior that our neighbour country even Bangladesh don't want to accept our product!so in what sense or which way government pumping their money?It's totaly a bullshit. Even many small scale & middle scale industry's are dying. So is that make any sense goverment pumping money in economy?Even company like kingfisher also suffered from 468 cr loos. The main problem with our economy & people is we only believe in Import from developed nation not in export. So we are far behind the foreign reserve surplus which is having with the country like Japan, Russia, China, South korea. Even our GDP which is US$3,892.752 which is expected to be in 2016 which is far behind country like Jamaica US$ 9,178.414. If goverment properly utilizing their money in manufacturing hub by properly utilizing our strength chief labour, which was exactly doing by our neighbour country China. Then only our country economical can be solved.
(21)
Nagapriya said:
1 decade ago
Yes I agree with this topic. Government just pumping money to meet the needs doesn't solve a problem. It is the government responsibility that it provides the solution. For e. G the money alloted for repairing roads is not utilised properly. Instead they take a fewer steps and after a certain period they leave the roads in a nasty condition which increases traffic and inconvenience to society. Not only this, people should start how to increase exports.
(6)
Akash hp said:
1 decade ago
Yes, Pumping money is essential but in some areas only. For an instance, There should be enough public transport system to promote public transport which would directly result in less fuel consumption by an individual. Other areas where pumping money is education, that too Quality education. Children should now be made to concentrate on practical ways of learning and should give up theoretical approach. Money should be invested in research of Machineries, agriculture, pharmaceuticals which would reduce our need to import such products and would directly save our valuable foreign currencies. Thus, I conclude that spending or pumping money should be in right direction.
(6)
Shikha said:
1 decade ago
Yes it is the duty of our elected candidates to work for us. If the economy is in need then government should pump in money, but it also has to keep a check on it whether it's being used in the right direction and for said purpose.
1. With more than 60% of population which is =/>25yrs, our govt. Should develop employment oppurtunities even in these slow economic conditions.
2. When the whole euro zone is in deep economic trouble with its increasing debt our govt. Should invest in manufacturing sector as it will end up in giving us industries, employment & self reliance which will make us resistant to ups and down of the world economy like brazil. Moreover we will not create highly "qualified labourers" as services sector is booming.
3. More investment should be towards education & health care facilities. As a healthy mind rests in a healthy body and moreover "Padhega India tabhi to badhega India".
4. Bailout packages should be given to striving industries but it should not be that much frequently and easy. As it is THE TAXPAYERS MONEY so should be used but not misutilised.
1. With more than 60% of population which is =/>25yrs, our govt. Should develop employment oppurtunities even in these slow economic conditions.
2. When the whole euro zone is in deep economic trouble with its increasing debt our govt. Should invest in manufacturing sector as it will end up in giving us industries, employment & self reliance which will make us resistant to ups and down of the world economy like brazil. Moreover we will not create highly "qualified labourers" as services sector is booming.
3. More investment should be towards education & health care facilities. As a healthy mind rests in a healthy body and moreover "Padhega India tabhi to badhega India".
4. Bailout packages should be given to striving industries but it should not be that much frequently and easy. As it is THE TAXPAYERS MONEY so should be used but not misutilised.
(7)
Post your thoughts here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers