– Confusion of economics: Dhawal Mehta
(continued from previous)
When a person falls ill, his body temperature rises, he feels nauseous, he feels pain in the heart, dizziness, the body becomes pale, etc… The economy also falls ill like our body and economists have many indicators to know it. has formed. Listed below are some important signs of female astrology.
inflation rate
Inflation rate is increasing in India The rate of inflation in the retail market in the country has reached about 7 percent and the price increase of wholesale goods has reached 13 to 14 percent. If the rate increases further, it will put the current government in danger. The Sri Lankan government collapsed due to extremely high inflation rates. Even Hinduism cannot help the government when inflation turns into hyperinflation and a good government collapses. Hitler created the hyperinflation that followed World War I in Germany.
Unemployment:
The rate of unemployment in India is increasing. An organization called the Center for Monitoring Indian Economy releases workforce participation figures that show rising unemployment in India. Rising unemployment and rising inflation are destabilizing the government. In May 2022, the unemployment rate in India increased to 7.8 percent in June 2022 from 7.1 percent in May. It is 7.3 percent in urban India and 8 percent in rural India.
Fiscal Deficit:
The rising fiscal burden is also a red signal for the country. In India, the fiscal deficit reached 6.7 percent of GDP in the year 2021-2022. Debt waivers, half-subsidy on fertilisers, billions of rupees of charity to keep people happy create huge government debt and the government pays half-interest to repay the debt adding to the country’s fiscal deficit.
Current Account Deficit:
Bank current account and country current account have different meanings. A current account deficit in the country means that the country’s merchandise (merchandise means goods and services) imports are more than its exports.
India’s annual exports are around $400 billion while imports are around $600 billion. Despite this, India’s foreign exchange has dwindled to about $588 billion, barely enough for a year’s worth of imports. Our foreign exchange which was around $650 just a few months back has fallen as above. And if it goes down drastically to zero, a situation like Sri Lanka will arise in India.
Depreciation of rupee:
Compared to the dollar, the rupee has now become 80 rupees to a dollar, which was equal to one rupee when the country got independence. A rising value of the dollar makes a country’s imports more expensive and thus reduces the country’s foreign exchange.
National Debt:
Government debt is called public data. In our country, the total government debt is 90 percent of the country’s national income. The government has to pay a huge amount of interest on this debt. Which is the largest expenditure item in our Union Budget? Defence, health, education or supply of clean water? None of these Our total budget expenditure for 2021-2022 was Rs 34.83 lakh crore, of which Rs 8.3 lakh crore or about 25 per cent was for interest payments on debt.