India is the largest democratic country in the world, the second-largest in terms of population. Compared to other countries, India is the country with the largest number of young people. How should such a country thrive in development?
Prime Minister Modi has made two crucial decisions that he cannot reverse. Large banknotes were canceled overnight. At the same time, GST has been put on the states. As a result, small business companies have closed
Large numbers of employees are unemployed. Investors or business people lost growth. At the same time, the banks have provided crores of rupees with the mission of avoiding debts in crores of rupees.
Economist John Maynard Keynes (1883â€“1946) argues that consumers may be in a panic situation and are reluctant to spend more on their needs. Under normal circumstances, the expenses of one person are revenues to another person. The cost of the purchase of vegetables is the income of the farmer who cultivated them. The total amount of money a student spends on the purchase of books goes to the publisher. These costs and revenues are natural and they are part of a business network.
But if the business person stops investing money then that is a loss and causes economic problems in the country. The government has taken some decisions and now the country is facing an economic slowdown.