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.
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