Author – Surabhi Nagi
Given the current low growth high inflation scenario of the Indian economy, there is little hope that the financial situation can be flipped being completely reliant on the government. Poor economic management coupled with inadequate polices from the government have been the central issues leading India to the vicious cycle of low growth. The country that was projected to grow at 7% reported the GDP growth rate slump to 5.7%. There is a dire need for investments both in core as well as social sector infrastructure to foster employment vis a vis boosting the GDP post GST and demonetization blues. The NDA government at the center is gung ho after the credit rating increase by Moody and a status quo with a positive outlook by S&P. Though, it would boost the confidence of the domestic and foreign investors, it is the need of the hour that both the government and the private players come together to foster new investments to augment the productivity. Productivity enhancing structural reforms that auger well with both the private as well as the public sectors need to prioritized.