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 2, 2025 at 03:17 PM
🔆 Economic Survey 2024-25: Key Insights & Policy Directions 📍 Key Observations ✅ Globalization in retreat, shifting focus to domestic economic drivers. ✅ Demographic dividend must be utilized through deregulation and policy reforms. ✅ Risk of economic stagnation if a ‘business as usual’ approach continues. 📍 Policy Recommendations ✅ Governments should reduce excessive regulations to let businesses focus on growth. ✅ Bridging the ‘trust deficit’ between authorities, businesses, and citizens is essential. ✅ Shift regulatory framework from ‘guilty until proven innocent’ to ‘innocent until proven guilty’ to enhance ease of doing business. 📍 Concerns on Bureaucratic Barriers ✅ Overregulation hinders entrepreneurs, affecting economic productivity. ✅ Red tape is manipulated by some businesses to restrict competition, harming economic progress. 📍 Final Takeaway ✅ The government must simplify regulations, foster economic trust, and promote an efficient business environment to sustain long-term growth. 📊
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