Gs-3 : Economic growth GDP formula G= C+I+G+(X-M) This art | VK IAS by Vikas kanukollu (VK)
Gs-3 : Economic growth
GDP formula G= C+I+G+(X-M)
This article is talking about investment (I) component
Why is Investment important?- Because it is a growth multiplier.
In this regards, the article is talking about households' contribution- Why households cant invest much?- Click here for a brief explainer- read the analysis
Since households were unable to contribute, government went for a Corporate tax cut to attract investments- Click here to know the impact
But you can see tremendous growth in stock markets Consider this- Nifty - a metric for growth - went from 8000 odd to almost 22000 recently- almost 3x growth.
So conclusion= Inequality
Then solution?- We disucssed this
1. Reduce subsidies- Click here 2. Read these in the same order( Series of articles by Arun Maira )
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