Government Pumping Money into the Economy is not the Solution for our Economic Problems
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63 comments Page 4 of 7.
Sharat Kumar Malick said:
1 decade ago
Dear Friends,
Role of government in any economy should be welfare of citizens and development of economy. Macro economy deals with the developmental role of government. As a cloud collects water from the sea and distribute as rain in the agriculture fields. This leads to development and welfare. So shall be the role of government. To collect more tax from the rich and contribute to the welfare of masses.
But alas, this is not happening in true sense in India. Resulting rich are growing richer and poor are becoming poorer.
The role of government is important and merely by adding deficit in the budget to pump money in economy leads to inflation. The government should work more positive. It should provide money assistance to the needy (i.e in mass welfare projects) by taxing rich more and sparing poor.
Role of government in any economy should be welfare of citizens and development of economy. Macro economy deals with the developmental role of government. As a cloud collects water from the sea and distribute as rain in the agriculture fields. This leads to development and welfare. So shall be the role of government. To collect more tax from the rich and contribute to the welfare of masses.
But alas, this is not happening in true sense in India. Resulting rich are growing richer and poor are becoming poorer.
The role of government is important and merely by adding deficit in the budget to pump money in economy leads to inflation. The government should work more positive. It should provide money assistance to the needy (i.e in mass welfare projects) by taxing rich more and sparing poor.
(8)
Poonam said:
1 decade ago
Hi Friends, I would like to present my views on this topic. Pumping money means contribution of extra money. Government putting more tax for society welfare. But due to this rich people are still reach but poor people and middle class people are becoming more and more poorer. Huge inflation is going to occur in our country. I Think government should make that type of policy which can extract money from rich people and poor and middle class people not going to be worse.
(7)
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)
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)
Mansi said:
9 years ago
It is not the solution for our all economic problems. To pump money onto our economy government Firstly should build up a strong base for the upliftment of our economy. Because pumping money into our economy unnecessarily increases our fiscal deficit, and as Indian govt is corrupted it also adds in the pockets of our highly respectable ministers. Govt should take strict actions 2 combat with corruption in order to improve the current situation of our country where poor are getting poorer, and riches are getting more rich.
I think if govt literally wanted to invest money, it should invest it in education, and health care. These 2 are the very imp. Aspects of the country's growth.
I think if govt literally wanted to invest money, it should invest it in education, and health care. These 2 are the very imp. Aspects of the country's growth.
(7)
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)
Ravi said:
9 years ago
There is no meaning of putting money into the economic sector until we do not have a corruption free government as we heard and read on the daily basis that govt will put this new programs in a city and that much amount in that sector but all these words are just has the meaning in dictionary but not in the real world so if we really want to develop our nation than we have to improve our education system first and import rate should be shrunk as much as possible and put effort in generating the resources more and more in our country and this will ultimately increase our export rate which improves economic status of our country.
(6)
Sravani said:
1 decade ago
Pumping of money in economy indirectly speaks extra money. Extra money comes from people in rural areas. Because all the peoples of India are in rural areas. They spend their life on cultivating crops. So in that way our government encourage them like provide more quality subsidy and provide fertilizers for less cost. So we increase our growth.
(6)
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)
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)
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