When the Indian Prime Minister Manmohan Singh had taken the
additional charge of finance ministry, Indian economy had expected a lot from
him. He is a financial reformist for India as He had done the economic reform
in 1991 when he was the Finance Minister of India. But now as all the
politicians are busy in presidential election so, the reform is expected after
this election.
At this time whole world wants to come out with the effects
of euro zone crisis. As central bank of china had cut the key rates so that
more customers will become able to take loan from the banks. Inflation rate of
China is also goes down which will help the government to give the stimulus
package to increase the consumption.
But, for the Indian central Bank it is not an easy task to
decrease the key rates because the growth for the March quarter is 5.3% where
as the inflation rate of the of the country is 7.6%.For controlling the
inflation some of the important steps must be taken by the central
government . These steps may be to reduce the subsidy on diesel, make
policy to increase the investment in FDI, control the fall of rupee etc.
On other hand euro zone is also trying flesh out plans to
reinforce the single currency i.e. euro. Central to euro zone leaders’ plan is
to give European Central Bank a central role in supervising banks’ which would
then allow the permanent rescue fund.
So,A positive ray is seen ,When the whole world is trying to come
out from the economic crisis and they
are also busy to take steps to recover
from this crisis according to economic
condition of their countries.
If you want to read blogs on Finance, General Philosophy ,Tourism and sports by same author then you can visit priyankablogthoughts
If you want to read blogs on Finance, General Philosophy ,Tourism and sports by same author then you can visit priyankablogthoughts
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