ECONOMIC DEVELOPMENT

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Economic slowdown in India

 Economic slowdown is a process where the economic production is low but not stopped. Economic production is low due to to high tax , currency crunch ,issue  of bad loans and dumping of Online market.

Causes of economic slowdown

1. Ignorance of economic experts like Raghu Ram Rajan , Advind subramanyam etc.
2. Ineffective Expenditure on schemes
3. Bad loans
4. Weak coordination between RBI and other Banks
5. Focus on defence sector than economy
6. Heavy taxation system and low productivity in market


Effects of economic slowdown

1. Low productivity in market
2. High unemployment
3. Low GDP
4. Low growth rate
5. High fiscal deficit
6. High inflation
7. Forex debt
8. Imbalance of payment
9. Dependent on import than production
10. Ineffective flow of demand and supply.

Solutions for economic slowdown

1. Decrease the taxation
2. Create better coordination between RBI and other Banks.
3. Loan should given with proper investigation
4. Cooperative banks under RBI
5. Focus on economy than defence
6. More Expenditure on productivity in 8 core sectors
7. Focus on export not import
8. Decrease the non performing assets.
9. Skill development and vocational education.
10 . Government conduct the exams as fast as possible.


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