{"id":86442,"date":"2020-02-01T16:40:03","date_gmt":"2020-02-01T11:10:03","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=13402"},"modified":"2020-02-01T16:40:03","modified_gmt":"2020-02-01T11:10:03","slug":"economic-survey-calls-for-strengthening-invisible-hand-of-markets","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/economic-survey-calls-for-strengthening-invisible-hand-of-markets\/","title":{"rendered":"Economic Survey calls for strengthening invisible hand of markets"},"content":{"rendered":"\n<p><strong>News:<\/strong>The<strong> <\/strong>Economic Survey 2020 has illustrated enormous benefits from enabling the invisible hand of the market.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Achieving $5 trillion economy:<\/strong>The survey has said that India\u2019s aspiration to become a $5 trillion economy depends critically on:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Strengthening the invisible hand of the market.<\/li><li>Supporting it with the hand of trust.<\/li><\/ul>\n\n\n\n<p><strong>About Invisible Hand:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The phrase Invisible Hand was introduced by Adam Smith in his book &#8216;The Wealth of Nations&#8217;.<\/li><li>It states that unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand.<\/li><li>In other words,it basically assumes that an economy can work well in a free market scenario where everyone will work for his\/her own interest.<\/li><\/ul>\n\n\n\n<p><strong>Suggestions:<\/strong>The invisible hand needs to be strengthened by promoting pro-business policies to:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>provide equal opportunities for new entrants, enable fair competition and ease doing business<\/li><li>eliminate policies that unnecessarily undermine markets through government intervention<\/li><li>enable trade for job creation and&nbsp;<\/li><li>efficiently scaling up the banking sector to be proportionate to the size of the Indian economy.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The Economic Survey 2020 has illustrated enormous benefits from enabling the invisible hand of the market. Facts: Achieving $5 trillion economy:The survey has said that India\u2019s aspiration to become a $5 trillion economy depends critically on: Strengthening the invisible hand of the market. Supporting it with the hand of trust. About Invisible Hand: The phrase&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/economic-survey-calls-for-strengthening-invisible-hand-of-markets\/\">Continue reading <span class=\"screen-reader-text\">Economic Survey calls for strengthening invisible hand of markets<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[2031,4012],"class_list":["post-86442","post","type-post","status-publish","format-standard","hentry","category-economy","tag-economic-survey","tag-invisible-hand","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86442","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=86442"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86442\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}