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Economy is unbalance: Is any way to come out?

Economy is unbalance: Is any way to come out?

The economy of our country India is a developing mixed economy. But, from the failure of both Demonetization and GST get tremendous damage to our country. It literally damages the whole economy of our country. The GDP rate is decreased  and the price will automatically increase in India market. 
 Modi government is in power in May 2014, the crude oil price was $106 per barrel and now the price of crude oil in 9th,10th and 12th October 2018 is 85.16$, 83.82$ and 80.51$. On the world market where crude oil price decreases  day by day, but in India it increases. In last 8 days crude oil per barrel price decreases by 5$. Of today date the price of  diesel 2₹ and petrol 1₹ increased. Why in the world market if crude oil price is decreased, then why it increases in India: The question is raised on all of the mind of people in India. The government has already decreased  the fuel price 2.50₹ of petrol and diesel, but all these things are "end in smoke". On the other hand in the next past 8 days fuel price is increased by 1₹.
                             The Modi government decrease excises duty 2 times and increase by 9 times. The question has been raised why the government decrease excises duty 2 times and increases by 9 times. The news came from Ministry of Finance that the fuel price not to be again decreased.
                         Indian Rupee₹ is falling against Dollar$.The Indian Rupee has set an all time low record today. The current currency rate of Indian rupee against dollar is 1$ is equal to 73.50₹. The Rupee is falling day by day against the Dollar. According to the latest data released by the Trade Minister, India's trade is deficit hit a 5-year high of $18.02million in July, up 8.5 percent month-on-month. This is the biggest failure of the government of India. They are not able to control the fall of Rupee against the Dollar and the price of fuel. 


                                   
Economy is unbalance: Is any way to come out? Economy is unbalance: Is any way to come out? Reviewed by INDIAN POLITICS on October 18, 2018 Rating: 5

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