{"id":253875,"date":"2023-07-28T20:14:47","date_gmt":"2023-07-28T14:44:47","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=253875"},"modified":"2023-08-31T10:24:11","modified_gmt":"2023-08-31T04:54:11","slug":"growth-is-everything","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/growth-is-everything\/","title":{"rendered":"Growth Is Everything"},"content":{"rendered":"\n<p><strong>Source<\/strong>&#8211; The post is based on the article <strong>\u201cGrowth Is Everything\u201d <\/strong>published in <strong>\u201cThe Times of India\u201d <\/strong>on <strong>28th July 2023<\/strong>.<\/p>\n<p><strong>Syllabus: <\/strong>GS3- Indian economy and growth<\/p>\n<p><strong>News- <\/strong>As per PM Modi, India will almost certainly become the third largest economy in the next few years.<\/p>\n<h2><strong>What is the important contribution of the Modi government in the Indian economy?<\/strong><\/h2>\n<p>The Modi government has ensured that economic growth takes place with <strong>macroeconomic stability<\/strong>, by avoiding i<strong>mprudent fiscal policies<\/strong>. It has made India&#8217;s <strong>economic growth durable.<\/strong><\/p>\n<h2><strong>What are the issues with the Indian economy?<\/strong><\/h2>\n<p><strong>Since the emergence of Covid, the job market in India has undergone a structural setback. <\/strong>Notably, the<strong> least productive sector<\/strong> of the economy, agriculture, has experienced a relative increase in its <strong>share of employment. <\/strong><\/p>\n<p>According to the GOI&#8217;s jobs report for 2021-22, <strong>45.5% of the workforce <\/strong>was engaged in agriculture, which is three percentage points higher than the pre-Covid period<\/p>\n<p><strong>Way forward-<\/strong><\/p>\n<p>The government should not remain satisfied with a <strong>growth rate of around 6%<\/strong>. As per economic survey, India\u2019s <strong>potential GDP growth<\/strong> can rise to <strong>7-8% a year<\/strong> in the medium-term with reforms.<\/p>\n<p><strong>Economic growth rate below 8%<\/strong> annually will not effectively tackle India&#8217;s <strong>serious employment issue. <\/strong><\/p>\n<p>To tackle this problem, <strong>innovative policies<\/strong> are needed to swiftly improve skill development. The <strong>level of human capital <\/strong>significantly affects investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source&#8211; The post is based on the article \u201cGrowth Is Everything\u201d published in \u201cThe Times of India\u201d on 28th July 2023. Syllabus: GS3- Indian economy and growth News- As per PM Modi, India will almost certainly become the third largest economy in the next few years. What is the important contribution of the Modi government&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/growth-is-everything\/\">Continue reading <span class=\"screen-reader-text\">Growth Is Everything<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[216,8184,10496],"class_list":["post-253875","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","tag-indian-economy","tag-times-of-india","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/253875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=253875"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/253875\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=253875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=253875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=253875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}