priority sectors

For all the governments which had been ruling India  so far and for  the  present government,  education , health and  poverty removal  which are the essential components   of human capital formation  had never been  sectors needing  priority  attention and funds . We pride ourselves as the nation in the top list in the import of defense equipments but, we are not ashamed of having considerable percentage of the population still living without basic requirements to live their life with dignity and in a position welcome freebees. We are proud about higher percentage of the youth population, but. We are not bothered about their education level, skill training and job requirements and health status. The parliament had discussion on Rafael deal.  But the Defense Minister of India in her very lengthy and aggressive speech has not answered the three fundamental questions the principal opposition party has been raising and nor has she answered the doubts in the minds of the people which are raised in this article.

uncertainties in the election year

The Indian economy is currently facing few political and economic uncertainties due to fast approaching national election.  If these uncertainties are not settled or tackled as early as possible as soon as the new government takes charge of the governance of India, there is a possibility of certain macro factors hurting the economy deeply. They include, jobless growth, agrarian crisis, banking sectors critical problems, the unprepared demonetisation measure’s adverse effects on the economy, particularly the small scale sector, hasty introduction of GST with an imperfect structure with lot of procedural  complications maddening the small businesses , higher retail inflation due to  ever increasing crude oil prices , poor performance of the export sector and  depreciation  of the Rupee , widening current account deficit  Etc., Particularly ,the new government has to take great efforts to  protect the economy from the adverse effects of global recession and take greater care  for fiscal consolidation.