{"id":34628,"date":"2018-10-31T12:34:46","date_gmt":"2018-10-31T07:04:46","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=34628"},"modified":"2018-10-31T12:34:46","modified_gmt":"2018-10-31T07:04:46","slug":"living-in-denial","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/living-in-denial\/","title":{"rendered":"Living in denial:\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/indianexpress.com\/article\/opinion\/columns\/economic-deceleration-economy-gst-employment-demonetisation-4887725\/\"><span style=\"font-weight: 400;\">Living in denial<\/span><\/a><span style=\"font-weight: 400;\">:\u00a0<\/span><\/p>\n<p><b>Context<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Economic deceleration is real. Acknowledging it is the first step to recovery<\/span><\/li>\n<\/ul>\n<p><b>Reasons behind economic deceleration<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Freefall of rupee against dollar and other currencies<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Widening current account deficit (CAD)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Soaring inflation<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Dampened GDP growth.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Over-dependence on tertiary sector growth<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Various government policies<\/span><\/li>\n<\/ol>\n<p><b>Step required for recovery<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Acknowledge the slowdown and spend on rural areas<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India needs to stop chasing the \u201cmirage of a rating upgrade\u201d and focus on spending more.(fiscal stimulus, SOP to exporters, etc)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Cut interest rates, provide financing and stable business environment.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Rationalising government policies(esp subsidies)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Maintain Balance of payment<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Introducing reforms in various sector such as land reform, labour reform, service sector etc<\/span><\/li>\n<\/ol>\n<p><strong>Conclusion<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">There is a need to shift our focus from consumption to supply. It is high time we understand that being a consumer doesn&#8217;t count in the long run; it is being a producer that counts, and that is the key to becoming an economic super-power.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Living in denial:\u00a0 Context Economic deceleration is real. Acknowledging it is the first step to recovery Reasons behind economic deceleration Freefall of rupee against dollar and other currencies Widening current account deficit (CAD) Soaring inflation Dampened GDP growth. Over-dependence on tertiary sector growth Various government policies Step required for recovery Acknowledge the slowdown and spend&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/living-in-denial\/\">Continue reading <span class=\"screen-reader-text\">Living in denial:\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-34628","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704881779},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/34628","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\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=34628"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/34628\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=34628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=34628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=34628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}