People are disappointed over the three rounds of stimulus
measures announced recently by the finance ministers because tax relief here and there and more fund allocation to certain
sectors are not going to solve the serious problems faced by the export
automobile and real estate sectors and nor they enough to revive the economy . Primarily
the government should accept that what India
is facing today is “structural crisis” and what the nation needs is permanent solutions
and not adhoc measures. How is it possible to revive effective consumers demand
which is the root cause for the present recession without addressing and
helping the unorganized sector which was crippled by demonetisation and GST
atrocities ? Massive efforts to revive this sector would result in the
quick generation of employment of several
lakhs of unskilled and semi skilled employees and revive the consumption
expenditure quickly and that would be
the starting point to protect the economy from further deterioration in the recession position .
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