The Central Government is expected to soon announce measures for certain sectors, including gems and jewelry, to boost the country’s subdued exports, an official said.
It will help Indian government to raise Economy, and it is necessary at this time when Indian Economy has been Fallen.
There was a time in 2016 when the Indian economy was growing at over 7 per cent and it was symbolized as a tiger, even if a caged one. It conveyed the strength of an economy raring to go. Now, with the steep fall in GDP growth for five successive quarters, falling to 5 per cent in the April-June quarter of this fiscal year-just a little better than the Hindu rate of growth and the bullock-cart economy in the four decades after Independence-it can be categorized more as an elephant plodding along. For the first time in six years, India's economic growth can be counted on the fingers of one hand. It has made hollow the much-touted government claim of India being the fastest-growing large economy in the world. It has, in fact, slipped to number five on the list after Vietnam, China, Egypt and Indonesia. The comparison with developed economies such as the US and European countries is also nothing but false equivalence.
Some of the Decisions of Indian Government gone Negative for the Indian Economy, like Removal of Article 370 in JAMMU & KASHMIR. In my view it was a great idea to remove Article from J&K, but as we all know that J&K is the one of the biggest issue for the India as well as for UNITED NATION, So it was not a right time to take decision like Scrapping Article 370 (35a) because already that time Indian Economy was Decreasing its position in World.
But Now Government of INDIA taken a big step towards Growing Economy and i know this decision of Boosting Exports to other Countries from India will help Indian Economy to Grow at a high level where it was at the time of 19's.
India will be called "SONE KI CHIDHIYA" again.
Source-
https://www.thehindubusinessline.com/economy/central-government-likely-to-announce-measures-to-boost-exports-soon/article29350694.ece?homepage=true
It will help Indian government to raise Economy, and it is necessary at this time when Indian Economy has been Fallen.
There was a time in 2016 when the Indian economy was growing at over 7 per cent and it was symbolized as a tiger, even if a caged one. It conveyed the strength of an economy raring to go. Now, with the steep fall in GDP growth for five successive quarters, falling to 5 per cent in the April-June quarter of this fiscal year-just a little better than the Hindu rate of growth and the bullock-cart economy in the four decades after Independence-it can be categorized more as an elephant plodding along. For the first time in six years, India's economic growth can be counted on the fingers of one hand. It has made hollow the much-touted government claim of India being the fastest-growing large economy in the world. It has, in fact, slipped to number five on the list after Vietnam, China, Egypt and Indonesia. The comparison with developed economies such as the US and European countries is also nothing but false equivalence.
Some of the Decisions of Indian Government gone Negative for the Indian Economy, like Removal of Article 370 in JAMMU & KASHMIR. In my view it was a great idea to remove Article from J&K, but as we all know that J&K is the one of the biggest issue for the India as well as for UNITED NATION, So it was not a right time to take decision like Scrapping Article 370 (35a) because already that time Indian Economy was Decreasing its position in World.
But Now Government of INDIA taken a big step towards Growing Economy and i know this decision of Boosting Exports to other Countries from India will help Indian Economy to Grow at a high level where it was at the time of 19's.
India will be called "SONE KI CHIDHIYA" again.
Source-
https://www.thehindubusinessline.com/economy/central-government-likely-to-announce-measures-to-boost-exports-soon/article29350694.ece?homepage=true
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