Economy in Decline
Look at these numbers. What is the plan to revive things? Rather what should be the plan?
-- Mining sector contracts 8.5%
-- Manufacturing sector contracts 3.9%
-- Electricity sector contracts 2.6%
-- Capital goods output contracts 20.7%
-- Intermediate goods see 7% increase
-- Consumer durable output contracts 9.9%, consumer non durables output falls 0.4% more
-- Mining sector contracts 8.5%
-- Manufacturing sector contracts 3.9%
-- Electricity sector contracts 2.6%
-- Capital goods output contracts 20.7%
-- Intermediate goods see 7% increase
-- Consumer durable output contracts 9.9%, consumer non durables output falls 0.4% more
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Shukracharya said," If you ignore the educated and the competent, you will be managed by fools!" more
Nov 14
The so called measures being taken are assuming all youth n gen next only ? wrong planning commissions now ? infact they are creating more problems only ???? more
Nov 14
Various measures have been taken to revive the economy but is seems that they are not working/taking time to see reversal of trend - only time will tell. Also the world over the economy is on week footing and not only domestic demand but exports are also slowing contributing to the slow down more
Nov 13
Demand should be revived. That is the only solution. The contraction in manufacturing is due to lack of demand only. more
Nov 12
The economy is in a mess?? Its in a bad mess..and will continue to be in a mess until we have a proper Economist to understand and set it on track without political fingering..How Narsimha Rao brought Dr. Manmohan Singh and the economic growth engine started working.. more
Nov 12
