Wednesday, 4 December 2019

Indian Economy Slowdown. What do governments actually do?

We all know that the Indian economy is facing some slowdown and people are worried about it but what exactly the government of India is doing to counter this slowdown? Reference : India economy slow down and Causes for the Present Slowdown in the Indian Economy RBI may cut repo rate by at least 25 bps, says Pankaj Pathak of Quantum Mutual Fund Nirmala Sitharaman announces big reforms for Public Sector Banks: Key highlights India To Grow 7% In 2020 As Bottlenecks Clear Up: IMF Chief Economist Gita Gopinath Steps were taken by the government to arrest the slowdown: The government is doing both short-term and long-term reforms. RBI reduced the interest rate (repo rate) fifth time in 2019 to ease the credit flow in the economy. This will result in commercial bank reducing interest rates on the loans. Thus, home loan corporate interest rates and EMI on consumer products will reduce. This will boost demand and thus help bring back the consumer sentiment and bring in economic growth. The government slashed the corporate tax rate long-awaited booster package for the realty sector Filmed this video in HD on this -- Canon 700D with this lens -- 10-18MM PRIME MIC -- GORILLAPOD -- OTHER MIC -- OTHER GEAR --- Canon 80D OTHER LENS -- 50MM GREEN SCREEN -- CAMERA SLIDER -- OLD CAMERA-- Follow me Twitter ➜ Facebook ➜ Instagram ➜ Support GyanJaraHatke By Becoming GyanJaraHatke Patreon Music:

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