Government Pumping Money into the Economy is not the Solution for our Economic Problems

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63 comments Page 6 of 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)

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.
(23)

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.
(23)

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.
(7)

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)

Chalachew birhanu said:   9 years ago
Yes, according to Ethiopian economy simply adding money to the economy is not a solution to the economy of the country rather it is better to use other menses for the solution of the economy like creating other systems for collecting money to the bank circulate it and create job opportunity to the peoples of the country. Since in Ethiopia there is no man power shortage so pumping money into the country is not the solution.
(3)

Harsh said:   9 years ago
Hello everyone,

It is true that pumping money will not solve our economic problem because there is a lot of corruption due to which the money can't reach the right place. So we need to focus on corruption and priority should be to use the minimum amount of money and should use it in the right place instead of wasting it by giving it in the hands of corrupt people. There is a need of regular check on the flow of money so that there should be no leakage in form of corruption so money is not everything we need to work in the right direction for achieving a developed economy.
(9)

Ravish Kumar said:   9 years ago
Hello, friends. According to my scenario only putting the money is not the solution to improve our economy. Indian economy is based on agricultural and education so government should invest their money in these 2 fields. One important thing is that first, we should change our self in the field of corruptions. It is the wall which resists our economy. I don't have any questions regarding government policy to give the money in each field but it is not spent in a specific field. So I would like to request you people that don't take the money as a bribe and never give the money as a bribe. If it happens then our economy would definitely growth.
(10)

Nipun bansal said:   9 years ago
The best method is to improve the economy is first to improve ourself, our thought nd then improved our atmosphere who are current day by day. The economy problem is created by ourselves. So when our thought are improved our economy are improved otherwise the money who are pumping in a various sector is wasted.
(17)

Anamika said:   8 years ago
Hello friends,

Yes, I do completely agree that pumping money in the economy is not the solution for economic problems. It is important to come up with feasible schemes and make its proper execution. Merely allocating money won't be enough. It is important to make sure that the money is being applied at the right place and that its benefits are reaching the poor, decreasing the gap between rich and poor and ensuring overall economic development. We all know the drawbacks of Planning commissions. States were imposed with certain plans and allocated an amount to achieve that plan within a time period. Did that work? No, ultimately, Our honorable PM Narendra Modi had to replace it with NITI Aayog. Here states are given equal chance of participation in economic development which helps them achieve these gooals more effficiently. Also there are certain schemes launched by the govt that fails to implement, main reason being the mere allocation of funds are considered sufficient. In conclusion I would say, Pupming money money into the economy doesnt insure economic development. Thank you.
(16)


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