Does India need to emphasize the principles of John Maynard Keans (the general theory of employment interest and money) instead of Adam Smith (laissez faire) to bail out India from recession and unemployment? Do schemes like MNREGA do not seem to support Kean's economic principles somewhere! Based on purchasing power parity i.e. (ppp), we are the world's third largest economy, if PPP is so strong, then why this recession? Growth in PPP is almost helpful in recovering from every recession and it is useful to increase the growth rate of every region somewhere. Do we need to get out of bigger commodities and look again at FMCG Goods. MBA Guru Philip Kotler has put a lot of emphasis on FMCG Goods in his marketing book. It is expected that in the coming time the rate of interest will decrease, there will be an increase in salaries of the people and the government will try to increase the liquidity in every way; Because for these reasons, economic growth rates will reach their destination somewhere in the coming days. However, we will have to take care of other countries' currency devaluation, trade sanctions, regional economic agreements and trade warfare. We can also increase export by making the weaker rupee against the dollar.
Ashutosh S Mannu
Ashutosh S Mannu
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