Only 14% of national income accounts for large-scale agricultural projects

Economists give mainly two reasons for the slowness or depression of economics: (1) state failures and (2) market failures. India went above the national growth rate of only 8 percent on average during the period of 1 to 3. We can call it almost stagnant economy.

The main reason for this is that during this 3 years, India's population growth rate was around 8%, so India's per capita income increased by only 8% during this period. The United States agrees with a growth rate of 8.5% and considers a growth rate of 5% as a successful economy.

It gives a little higher growth rate if the monkey cries. While India's economic growth has been going down from eight per cent to six per cent today, it does appear to be somewhat disappointing. Economic growth is no longer viewed as a negative. It is considered a category of economics cancer.

Because the economic growth that has taken place in India since then has dramatically reduced India's poverty. This reduction had to be made so that multi-dimensional poverty (not just in terms of daily income but with piped water, housing, gas, electricity, toilets, etc.) could be removed from India but it could work.

Harmful to Debt Waiver Growth
It would have been more productive if the central and state governments of India had used education and health in the amount of Rs. In India, the agriculture sector contributes only 5% of the national income and 1% of the total workforce of India (this is the previous figure of 5%) If you work in the agricultural sector, then you will get an idea of ​​how much the people in the agricultural sector have, the amount of over-crowding.

Overcrowding on farming
In short, whatever poverty is still prevalent in India (China has almost eliminated it), the failure of the state is not the main responsibility or the main responsibility is not the factors of the market but the problem which is structural. That means a huge imbalance between agriculture and industry. In India, villages account for 5% of the population while 7% of the world has to take care of the fact that they live in cities and towns.

Marketing failures
There are, of course, market failures in India. In the cereal and vegetable market, barriers and brokers that bring such a huge profit in sales are a failure of the market. In India, transaction costs are higher than in the Western world because of the lack of godowns, cash facilities, information facilities, and especially cheap transportation facilities. Only large farmers get loan or over draft benefits. India's bureaucracy has surpassed the limit in raising the transaction cost. There is a jungle of rules following Duggle in the country. This complaint is too old. But it's still going.

State failures
Government failures, on the other hand, are hugely lacking and the main reasons for this are the lack of infrastructure and the structure of government administration. The government cannot provide basic facilities to more than 1 lakh villages in India. Because the population of millions of villages is less than 8.

While the government can provide access to cluster clusters of villages (especially health and education and electricity), it is very costly that the government cannot provide these facilities to every small village. One thing is clear for this government and the UPA governments ahead of them is that they are not a government of nepotism. In the last twenty years, the UPA and NDA governments have introduced abundant welfare schemes, in which NREGA and Food Security have similar plans.

There is no doubt that this government will gradually progress towards welfare states, despite the state's many failures. The main weakness of the government right now is that it does a lot of charity to get the votes of the people, goes public for a while and wins the elections but the unemployment question is not solved. It does not happen because the government's public sectors are doing a lot of damage. Blood is flowing from the body of the economy.

The NPA of more than twenty government banks, however, has fallen but it is still seven to eight percent which is unacceptable. This year, the government is planning to disinvest one lakh five thousand crore rupees from the public sector. Also, right-wing politics in India is eroding as left-hand states in India have suffered armature thinking, but failed to establish solid states, and Kerala and West Bengal could not establish model states. They could not establish equality as a 'dhar' in bringing business.