Bio
I am Associate Professor (Economics) Govt.P.G.College,Syaldey ( Almora)-UTTARAKHAND
Experience
Chandigarh University
2024 - PresentLawrence General Hospital
2024 - PresentGovt. Dental College & Hospital
2024 - PresentEditors Role
Reviewer
GJHSS
0 - PresentAffiliations
Kumaun University
Fellow
Member since 2022Grants and Awards
Fellow
Kumaun University
Research
Towards a Self-Reliant India: Closing the Saving Investment Gap
For a developing country such as India, where the growth potential is high and the scope for poverty reduction is also significant; a policy that lifts the poor out of poverty by expanding the overall pie is preferable because redistribution is only feasible if the size of the economic pie grows rapidly. Therefore, achieving economic growth requires the government to adopt different types of policies such as promoting savings, stimulating investment, and increasing internal production (Rasmidatta, 2011). Present piece of the study is an endeavor to find out the volume of gap between savings– investments in India and ways to reduce it up to zero size so that not only the burden of interest payment could be done away with, simultaneously growth process can be made sustainable in the long -run without sacrificing our sovereignty to external world. In a nutshell, growth process must be inner-engineered as the growth of individual. Decoupling or complete detachment from external world is essential for lasting happiness (Bhagwad Geeta) or welfare both for the individual and the economy.
Developmet Strategy : The Seventh Heaven
According to Goldman Sachs , India's GDP ( Gross Domestic Product ) in Current Prices may overtake France and Italy by 2020 ; Russia ,Germany and United Kingdom by 2025 ; and Japan by 2035 . It is also predicted that Indian economy will be the third largest after United States of America and China by 2025. In this milieu let's have a look on both the most populous and basically agrarian economies i.e., India and China.
