WHAT THE ECONOMY NEEDS NOW:<\/p>\n
A Book Review in ‘\u0b9a\u0bc6\u0baf\u0bb2\u0bcd \u0bae\u0ba9\u0bcd\u0bb1\u0bae\u0bcd’.<\/p>\n
Edited by Several Economists<\/p>\n
ABHIJIT BANERJEE,
\nFounder J-PAL(Jameel Poverty Action Lab)
\nGITA GOPINATH,
\nCounsellor & Director of Research at IMF
\nRAGHURAM RAJAN,
\nFormer Governor,RBI
\nMIHIR S.SHARMA
\nObserver Research Foundation<\/p>\n
& Several Eminent Scholars.<\/p>\n
This book contains 14 chapters describing the Individual Notes of particular
\nEconomic Issue or Sector
\nthat requires immediate
\nattention from the Government.<\/p>\n
‘NEED NOW’ in Acrostic pattern<\/p>\n
N-National
\nE-Essential
\nE-Economic
\nD-Direction for<\/p>\n
N-Necessary
\nO-Operation in
\nW-Welfare-Schemes.<\/p>\n
Our Nation is essentially required in
\nEconomic operative welfare schemes direction so as to achieve the desired results.<\/p>\n
This book is furnishing the details of various growth directive approach for national economic development.<\/p>\n
In this book,
\nthe Problems are identified, The Summaries and
\nThe Solution are furnished
\nfor all the needy issues
\nthat is required immediate attention
\nfor our Government to take action.<\/p>\n
This Book introduces with the title
\n‘ Why Strong Equitable and Sustainable Growth is Vital for India’.<\/p>\n
The Contents of the book is explaining
\nin short and Lucid with
\nour country issues of<\/p>\n
‘Health Care’, ‘Infrastructure’,
\n‘India and The World,’ ‘Welfare Reform,
\n‘A Market for Land’, ‘Growing Exports’,
\n‘Farming and Farmers’, ‘Energy Reforms’,
\n‘Reforming Energy’, ‘Deficits and Debts’
\n‘Fixing Schools’, ‘ Women and Work ‘,
\n‘ The Financial Sector ‘, ‘ Banking Reforms ‘ &
\n‘ The Environment and Climate Change ‘.<\/p>\n
In this review,<\/p>\n
‘India’s Exports’<\/p>\n
Chapter is being reviewed.<\/p>\n
Job creation is essential
\nin order to increase
\nthe produces
\nfor our people and
\nto earn more through Exports.<\/p>\n
But India’s exports have underperformed,
\nto compare with not only country like China
\nbut also like Bangaladesh.<\/p>\n
The Small and Medium enterprises are exporting textiles from industrial belt areas
\nwhich provide most Jobs.
\nBut it is hard to fit into Global Levels,
\nwhich is also affected by GST.<\/p>\n
Indian Labour force does not have
\nsufficient skills and labour regulations,
\nto make more efficient.<\/p>\n
Our transport infrastructure is insufficient,
\noutdated and badly planned
\nto stay in competitive export markets.<\/p>\n
Summary by Gita Gopinath & Amartya Lahiri :<\/p>\n
Micro polcies such as trade agreements,
\nsimpler documentation procedures at port,
\nimproved credit access and the
\nindustrial upgradation will help
\nto accelerate the growth
\nof our country.<\/p>\n
The position of Labour is abundant
\nin India. Cheap laboour in India is attractive destination for all countries.<\/p>\n
The scale of encouragement
\nfor specific manufacturing sectors
\nlike textiles and
\nelectronics can be catalyst
\nfor growth and for generating
\nemployment level.<\/p>\n
Exports are not growing Fast enough<\/p>\n
Indian Goods exports rose
\nfrom 0.5% in 1992 to 1.7% in 2017.
\nServices sector rose from 0.5% to 3.4%
\nduring the same period.<\/p>\n
Where as, Chinese share of world
\nExports rose from 1.8% to 12.8%.<\/p>\n
The World as a whole exports
\naround 30% of its GDP;
\nIndia’s GDP continues
\nto below 20%.<\/p>\n
In this book, Macro issues such as scale,
\nFundamental Labour Reforms Better
\nTransportation Infrastructure require
\nto be done at this juncture are explaining
\nin brief.<\/p>\n
Micro issues are to be looked at
\nwith the points of Improving the
\ncredit acess, Simplify the GST and
\nTrade Agreements with the EU, South
\nAsian Trade along with tariff are discussing
\nin this bookwith short notes.<\/p>\n
Global Integrate with the
\nElectronics Industry and
\nRevitalize the Textiles
\nIndustry are the specific issues
\nto be analysed and improved.<\/p>\n
The Solution lies in with the
\nfavourable macro economic
\nenvironment, to focus the
\nSME industries and to reform
\nthe GST. Labour reform and
\nthe country’s transport
\ninfrastructure are to be
\nlooked in details.<\/p>\n
The above mentioned facts and
\nfigures are pinpointing the exports
\nproblem and solution in Nutshell.
\nThe other economical issues are also
\nwritten in this book for
\nour country development.<\/p>\n
General educationist and economists
\ncan read this book.<\/p>\n","protected":false},"excerpt":{"rendered":"
WHAT THE ECONOMY NEEDS NOW: A Book Review in ‘\u0b9a\u0bc6\u0baf\u0bb2\u0bcd \u0bae\u0ba9\u0bcd\u0bb1\u0bae\u0bcd’. Edited by Several Economists ABHIJIT BANERJEE, Founder J-PAL(Jameel Poverty Action Lab) GITA GOPINATH, Counsellor & Director of Research at IMF RAGHURAM RAJAN, Former Governor,RBI MIHIR S.SHARMA Observer Research Foundation & Several Eminent Scholars. This book contains 14 chapters describing the Individual Notes of particular … Continue reading “WHAT THE ECONOMY NEEDS NOW -BOOK REVIEW”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pad9nr-fm","jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.seyalmantram.in\/wp-json\/wp\/v2\/posts\/952"}],"collection":[{"href":"https:\/\/www.seyalmantram.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.seyalmantram.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.seyalmantram.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.seyalmantram.in\/wp-json\/wp\/v2\/comments?post=952"}],"version-history":[{"count":2,"href":"https:\/\/www.seyalmantram.in\/wp-json\/wp\/v2\/posts\/952\/revisions"}],"predecessor-version":[{"id":959,"href":"https:\/\/www.seyalmantram.in\/wp-json\/wp\/v2\/posts\/952\/revisions\/959"}],"wp:attachment":[{"href":"https:\/\/www.seyalmantram.in\/wp-json\/wp\/v2\/media?parent=952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.seyalmantram.in\/wp-json\/wp\/v2\/categories?post=952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.seyalmantram.in\/wp-json\/wp\/v2\/tags?post=952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}