The war between Russia and Ukraine is expected to last a long time. The United States has sent F-35-B fighter jets that can reach Ukraine at any time via Britain. Reserve Bank of India Governor Shaktikant Das has just said that the next two decades in India are likely to be marked by a recession. While his intent is not to confuse the government or the country's business community, his neutrality is significant. What is remarkable about him is that when he came to power and took over the helm of the Reserve Bank, the cloud of beliefs about him was quickly dispelled by his transformation. His commitment and vision towards boosting the country's economy are remarkable. Shaktikant Das's point is to warn the country's business world and industry.
The first way to combat the recession that has been repeated by many of the world's great economists is to reduce excess profits on products openly and quickly with consumers. There are many reasons for the recession, but one of them is the extra profit. Nowadays, the effect of high prices is seen in the Sony market. For the same reason, the prices of some branded products in the Indian market have been declining rapidly for some time now.
Many manufacturers are in the market ready to cut the sale price by 33% in private. People who want to make a new purchase of Rs 5 lakh to Rs 1 lakh are told to stop and wait and adopt a wait-and-see policy. Shaktikant Das has another twist and the presumption that the next twenty years are going to be in a recession does not mean that the economic upliftment of the Indian people is going to stop overnight.
Because whatever activities the people with a population of more than 135 crores will do, the annual growth rate will be five percent as a result of the activities. This means that every year the people will naturally achieve five percent growth through their own hard work. All the negative effects that the Sino-US trade war has had so far on China and its exports and trade growth are now having the same effect on the US market.
The war in Russia and Ukraine has deepened that influence. The Corona Effect is added. Total U.S. exports have been declining for some time. Even with Donald Trump playing the drums of right-wing ideology with the Gnan Sutra America First, the employment given to local candidates may not last very long. Because the sword of production cuts is hanging over American companies as well.
Earlier this week, the central government signaled that the NDA's priority now was to boost the country's economy. The government's recent abolition of the surcharge on foreign investors' profits has led to a new influx of money into the Indian stock market and capital markets. Fearing Russia's lobbying against the US on the international stage, big investors are now hoping to turn to India as a neutral country. And that is why the economy and the people expect better changes and reforms from Union Finance Minister Sitharaman in the days to come.
The central government has advised small businesses to venture into clusters. According to the government, a cluster is a joint venture between four or five small entrepreneurs. But the system of partnership or co-operation is based on the harmony of human beings.
According to the government, if such a cluster can be formed for the benefit of GST, its benefit will be maximum to small and medium enterprises. It can reduce both the tax burden and the cost. International coincidences are now constantly changing. Russia had no idea that the Ukrainian people would have so much patriotism when the first tank ran towards Ukraine. People can fight without arms and Chanakya says he can win without any commander with his self-power. The patriotism of the Ukrainian people is also one of the reasons why the fleet of Russian tanks, which now stretches for seventy kilometers, has stalled.
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