The prosperity of a country largely depend on its economy.it is a major concern for any country to rise globally in world’s market. Economic problem mainly lies in differential policy, manufacturing sectors, and overall use of skilled and unskilled work force in an economy.
The major cause of this burgoing economy could be-
Agriculture sector- a major portion of india populus depend hugely on agriculture. As Indian economy is agricultural economy. This could be a drawback as this sector is not contributing in exports and mostly consume its products.
Gender differentiation- there is still a more encouragement needed for women to come out of their household and contribute equally in india is economic growth, and this could not be achieved without 50% workforce is contribution that is mostly limited to household
Demand and supply- our economy mostly import products and export is very less. Exports need to be strenghthen by boosting manufacturing sector in coordination with aatmanirbhar bharat abhiyan.
Banking and its policy -after independence much needed growth has not been achieved till now, because of unorganized economic policies that need to be strenghthen, as Indian banks has huge holdings of NPA accounts. And even after demonetization market cash flow returned to banks.
Skilled workforce- our education system is mostly responsible for not giving the skilled workforce that is required for overall economic growth.
In conclusion we can say that the much needed economic growth and prosperity is achieved through skilling workforce, strengthening education system, banking policy, development in rural sectors so that migrant labour get the required work in their hometown and small industries in rural sectors contribute hugely to economy.
I AM PROUD TO BE AN INDIAN.....................
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