The article "India to review economy stimulus" in BBC News make me a little surprised. As we know, India is knowned as one out of four of fast-growing developing country, the country also use stimulas plan to boost the economy.
The article states that at present the India's economy stimulus plan is reconsidered by government due to the economy get stronger. Last year India's economy has got impacts from global economic recession, therefore the level of growth has decreses then government has issued some policies such as budget deficit, government spending for maintaining the high economic growth. Using these policies has resulted to increase government debt, and fiscal deficit. Many expert also remind the government about the high inflation.
In the past few years, many countries have some impacts from the global recession. Therefore government intervene their economic systems by issuing many policies to drive the economy. India is a member of BRICs, the group of high growth countries with around 6-9 % per year. The figure seem very high compare to 2- 3 % of growth rate in Thailand. I surprise that the country with high growth rate also use the stimulas plan to boost the economy. Later I realize that to be competivite in current world. It is a best policies to catch every oppurtunities to make the country have high competitiveness.
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References
India to review economy stimulus.(2010, February 26). The BBC News.Retrived March 7, 2010 from http://news.bbc.co.uk/2/hi/business/8538068.stm
Saturday 6 March 2010
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It seems like investors use the recession as the best chance. I heard that if we can invest in the recession time, we will improve and when the economic situation becomes the normal situation, we will have the advantages over others. So I think that India uses this technique to up its level.
ReplyDeleteNowaday,BRICs is a good choice to invest. There have a strong perspective growth. With goverment's stimulus plan, India economy will continue to grow at the fast rate bacause it has a good human resource.
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