According to economic experts, the economy requires precise structural rather than short-term measures

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New delhi date. August 26, 2019, Monday

The measures announced by the finance minister are meant to be short-lived in order to accelerate the slowing economy growth. Various economic experts said the government should take specific structural steps to boost the economy.

The Finance Minister announced other encouraging steps, including the abolition of surcharges, the adoption of a new currency in the banking sector, to boost the country's economy. The move will mainly benefit foreign investors as well as banks. Other areas will not be particularly benefited by the announcement of relief, Arthur said. In the meantime, the finance minister has not announced any special measures to provide relief to the auto sector.

According to an Indian economist working in a Singapore-based institute, these steps are short-term relief. But, the Indian economy needs precise structural measures. It is only with such measures that the economy will be boosted.

It is worth mentioning here that it has come down at the bottom of five years due to continuous decline in consumption. The unemployment ratio has also steadily increased. The economy's growth figures will be released this week, which is likely to remain below the previous quarter. It is worth mentioning here that after the implementation of this tax, foreign investors have withdrawn more than $ 2 billion of funds from the stock and bond markets.

However, sources related to the government said on the issue that more steps are likely to be announced in the coming days to support the economy.


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