A unique opportunity to kick-start growth

Description

The Indian economy had been growing steadily till 2008 and since then has been showing signs of a slowdown. The impact of the slowdown has been widespread, as uncertainty has set in the economy, credit growth is low and expenditure by the household sector has suffered. The issue is how to ensure that the economy again shifts to a higher orbit of growth. One route could be to raise demand within the domestic market. Fortunately, the housing sector, which has inter-linkages with nearly 269 other industries, can help to raise demand. The government can initiate measures to unleash the unmet housing demand of about 26 million housing units, mainly for the economically weaker sections (EWS) of society and low income groups (LIG). To tap the potential of the housing sector, the government could consider confidence-building measures and bring in transparency to direct resources in the desired direction. Read more at: https://www.financialexpress.com/archive/a-unique-opportunity-to-kick-start-growth/1077889/

Publication Date

22-2-2013

Publication Title

Financial Express

Publisher

The Indian Express(P)Ltd.

Keywords

Economics, Indian Economy

Source Link URL

https://www.financialexpress.com/archive/a-unique-opportunity-to-kick-start-growth/1077889/

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