Economic Instability in India: Antidote for Revival and Sustainability

Abstract

Economic instability refers to the excessive fluctuations in the growth, output and other macroeconomic indicators of the economy. If economic instability is utilized as an opportunity with correct antidote measures, an economy will not only higher growth and stability but also higher inclusive and sustainable stability. The key is to revive demand, increase consumer spending and to increase the private investment. Unless demand is increased, the private investment will not increase; unless the purchasing power is increased the demand cannot be revived; increase the purchasing power by a reduction in taxes, increase in job opportunities and better wages. The Government should take the lead for an antidote for revival and sustainability, all stakeholders including common man should join hands in making it a reality for their own and common good.

Keywords: Sustainability, Private investment, Stakeholders.

JEL Classification: A1