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✅Gs-3 : Economic growth
⚠️GDP formula G= C+I+G+(X-M)
🅾️This article is talking about investment (I) component
➡️Why is Investment important?- Because it is a growth multiplier.
🅾️In this regards, the article is talking about households' contribution- Why households cant invest much?- Click here for a brief explainer- read the analysis
🅾️👆Since households were unable to contribute, government went for a Corporate tax cut to attract investments- Click here to know the impact
🅾️But you can see tremendous growth in stock markets Consider this- Nifty - a metric for growth - went from 8000 odd to almost 22000 recently- almost 3x growth.
🅾️So conclusion= Inequality
🎖Then solution?- We disucssed this
⚜️1. Reduce subsidies- Click here
⚜️2. Read these in the same order( Series of articles by Arun Maira )
🎖@Economyhighlights for more economy related articles at one place
⚠️VK IAS subject wise channels - Click here
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BY UPSC Economy by VK IAS (Vikas Kanukollu)
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