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<strong>Fashioning the framework of a New India -Indira Hirway</strong></h1>
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<div align="justify">-The Hindu<br /><br /><em>A major solution to the present economic crisis is to go in for inclusive growth; it also means shared prosperity<br /></em><br />The Indian economy is going through a severe crisis: a slowdown as well as a structural crisis. In the words of the former Chief Economic Adviser, Arvind Subramanian, it is headed towards the ICU. Almost all sectors of the economy are in decline: the rate of growth of the national GDP has declined to 5.0%, and may go down further; the construction sector, one of the fastest growing sectors so far, is growing at 3.3% this year; agriculture is growing at 2.1% while the auto sector is declining continuously in absolute terms.<br /><br />The Micro, Small and Medium Enterprises (MSME) sector too has declined, in turn raising the burden of non-performing assets of the banking sector as well as non-banking financial institutions. Also, exports have been declining in recent years, raising the crisis of current account deficit. Credit from banking and non-banking sectors has been declining in the last few years; the Financial Stability Report of the Reserve Bank of India (2019) says that it is unlikely to increase in the next nine months.<br /><br />Please <a href="https://www.thehindu.com/opinion/lead/fashioning-the-framework-of-a-new-india/article30745303.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/fashioning-the-framework-of-a-new-india/article30745303.ece?homepage=true">click here</a> to read more. <br /></div> </font>
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<em>A major solution to the present economic crisis is to go in for inclusive growth; it also means shared prosperity<br />
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The Indian economy is going through a severe crisis: a slowdown as well as a structural crisis. In the words of the former Chief Economic Adviser, Arvind Subramanian, it is headed towards the ICU. Almost all sectors of the economy are in decline: the rate of growth of the national GDP has declined to 5.0%, and may go down further; the construction sector, one of the fastest growing sectors so far, is growing at 3.3% this year; agriculture is growing at 2.1% while the auto sector is declining continuously in absolute terms.<br />
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<em>A major solution to the present economic crisis is to go in for inclusive growth; it also means shared prosperity<br />
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-The Hindu
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<strong>Fashioning the framework of a New India -Indira Hirway</strong></h1>
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<div align="justify">-The Hindu<br /><br /><em>A major solution to the present economic crisis is to go in for inclusive growth; it also means shared prosperity<br /></em><br />The Indian economy is going through a severe crisis: a slowdown as well as a structural crisis. In the words of the former Chief Economic Adviser, Arvind Subramanian, it is headed towards the ICU. Almost all sectors of the economy are in decline: the rate of growth of the national GDP has declined to 5.0%, and may go down further; the construction sector, one of the fastest growing sectors so far, is growing at 3.3% this year; agriculture is growing at 2.1% while the auto sector is declining continuously in absolute terms.<br /><br />The Micro, Small and Medium Enterprises (MSME) sector too has declined, in turn raising the burden of non-performing assets of the banking sector as well as non-banking financial institutions. Also, exports have been declining in recent years, raising the crisis of current account deficit. Credit from banking and non-banking sectors has been declining in the last few years; the Financial Stability Report of the Reserve Bank of India (2019) says that it is unlikely to increase in the next nine months.<br /><br />Please <a href="https://www.thehindu.com/opinion/lead/fashioning-the-framework-of-a-new-india/article30745303.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/fashioning-the-framework-of-a-new-india/article30745303.ece?homepage=true">click here</a> to read more. <br /></div> </font>
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<br />
<em>A major solution to the present economic crisis is to go in for inclusive growth; it also means shared prosperity<br />
</em><br />
The Indian economy is going through a severe crisis: a slowdown as well as a structural crisis. In the words of the former Chief Economic Adviser, Arvind Subramanian, it is headed towards the ICU. Almost all sectors of the economy are in decline: the rate of growth of the national GDP has declined to 5.0%, and may go down further; the construction sector, one of the fastest growing sectors so far, is growing at 3.3% this year; agriculture is growing at 2.1% while the auto sector is declining continuously in absolute terms.<br />
<br />
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<br />
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-The Hindu
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<strong>Fashioning the framework of a New India -Indira Hirway</strong></h1>
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<div align="justify">-The Hindu<br /><br /><em>A major solution to the present economic crisis is to go in for inclusive growth; it also means shared prosperity<br /></em><br />The Indian economy is going through a severe crisis: a slowdown as well as a structural crisis. In the words of the former Chief Economic Adviser, Arvind Subramanian, it is headed towards the ICU. Almost all sectors of the economy are in decline: the rate of growth of the national GDP has declined to 5.0%, and may go down further; the construction sector, one of the fastest growing sectors so far, is growing at 3.3% this year; agriculture is growing at 2.1% while the auto sector is declining continuously in absolute terms.<br /><br />The Micro, Small and Medium Enterprises (MSME) sector too has declined, in turn raising the burden of non-performing assets of the banking sector as well as non-banking financial institutions. Also, exports have been declining in recent years, raising the crisis of current account deficit. Credit from banking and non-banking sectors has been declining in the last few years; the Financial Stability Report of the Reserve Bank of India (2019) says that it is unlikely to increase in the next nine months.<br /><br />Please <a href="https://www.thehindu.com/opinion/lead/fashioning-the-framework-of-a-new-india/article30745303.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/fashioning-the-framework-of-a-new-india/article30745303.ece?homepage=true">click here</a> to read more. <br /></div> </font>
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-The Hindu<br />
<br />
<em>A major solution to the present economic crisis is to go in for inclusive growth; it also means shared prosperity<br />
</em><br />
The Indian economy is going through a severe crisis: a slowdown as well as a structural crisis. In the words of the former Chief Economic Adviser, Arvind Subramanian, it is headed towards the ICU. Almost all sectors of the economy are in decline: the rate of growth of the national GDP has declined to 5.0%, and may go down further; the construction sector, one of the fastest growing sectors so far, is growing at 3.3% this year; agriculture is growing at 2.1% while the auto sector is declining continuously in absolute terms.<br />
<br />
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<br />
Please <a href="https://www.thehindu.com/opinion/lead/fashioning-the-framework-of-a-new-india/article30745303.ece?homepage=true">click here</a> to read more. <br />
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<br />
<em>A major solution to the present economic crisis is to go in for inclusive growth; it also means shared prosperity<br />
</em><br />
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<br />
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<br />
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LATEST NEWS UPDATES | Fashioning the framework of a New India -Indira Hirway | Im4change.org
Fashioning the framework of a New India -Indira Hirway
-The Hindu
A major solution to the present economic crisis is to go in for inclusive growth; it also means shared prosperity
The Indian economy is going through a severe crisis: a slowdown as well as a structural crisis. In the words of the former Chief Economic Adviser, Arvind Subramanian, it is headed towards the ICU. Almost all sectors of the economy are in decline: the rate of growth of the national GDP has declined to 5.0%, and may go down further; the construction sector, one of the fastest growing sectors so far, is growing at 3.3% this year; agriculture is growing at 2.1% while the auto sector is declining continuously in absolute terms.
The Micro, Small and Medium Enterprises (MSME) sector too has declined, in turn raising the burden of non-performing assets of the banking sector as well as non-banking financial institutions. Also, exports have been declining in recent years, raising the crisis of current account deficit. Credit from banking and non-banking sectors has been declining in the last few years; the Financial Stability Report of the Reserve Bank of India (2019) says that it is unlikely to increase in the next nine months.
