The present day economic scenario in India

INDIAS ECONOMIC problems are linked to the semipolitical infighting and upheavals, though the link is asymmetric in the sense that it is one way, and runs exactly from politics to scotchs, and not from the other way around. In fact, the political set-up in the country, and the role of its stakeholders adversely affects the economic scenario in a big way, but, on the other hand, the politicians (also called the political entrepreneurs in the oral communication of the New Political Economics) do not at one time bother much about the economic set-up, in general, and the economic and social well-being of the people, in particular, in the country.

These role players exclusively do whatever is beneficial to them and their voting originator in enhancing the intensity of what we term as the rent-seeking and directly unproductive profit-seeking activities. accord to one study, in most of the developing countries, including India, about 45 per cent of the national income is lost in these activities. The bureaucrats and the so-called courteous administrators (who are neither civil nor do they provide some(prenominal) effective civil service) are the biggest supporters of the politicians who matter. It is for this reason that when the political power changes, the bureaucrats are also transferred, and another set takes their place.





Let us now look at what is exactly happening in the country on both the fronts in recent times:

Economic Front

There has been a continuous regressing economic meltdown in the US and the West that had emanated essentially because of lack of liquidity, market place confidence and scarce capital resources. Because of globalisation, it spread all all over the world, including India.

In the past few months, the government of India has announced many an(prenominal) packages to boost up the economy, but the end-result of these steps is not nevertheless visible. Even the interim (mini-budget), as announced on February 16 had brought about a major hike of about 30 percent or so from last years allocations in...If you want to get a full essay, order it on our website: Orderessay



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