UPSC Economy UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC™
UPSC Economy UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC™
February 1, 2025 at 03:49 PM
🔆 Economic Survey 2024-25: Challenges & Recommendations 📍 Key Concerns ✅ India’s economic growth is faltering after four years of post-pandemic recovery. ✅ Stock markets are tumbling, the rupee is losing ground, and domestic demand & public sector investments are sputtering. ✅ Global uncertainties, US trade policies, and retreating globalization add to economic instability. 📍 Survey’s Predictions & Warnings ✅ GDP growth for 2025-26 projected at 6.3%-6.8%, but risks persist. ✅ India needs at least 8% growth to achieve the 2047 developed nation goal. ✅ A ‘business as usual’ approach could lead to stagnation, demanding urgent policy shifts. 📍 Policy Recommendations ✅ The government should minimize unnecessary regulations to ease business operations. ✅ Trust deficit between authorities and citizens must be bridged. ✅ Instead of 1970s-style economic controls, the focus should be on empowering small businesses, enhancing competition, and ensuring a level-playing field. 📍 Final Takeaway ✅ Economic policies must shift towards deregulation, transparency, and competitiveness to sustain long-term growth and stability.
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