Exploring the solution paths to India’s economic problems from the perspective of Social Keynesian Economics

Wei Zhou, Marjorie Rola, Jiaxin Zhang

Article ID: 4766
Vol 8, Issue 14, 2024

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Abstract


This paper explores the path to solving India’s economic problems from a Social Keynesian Economics perspective, analyzing the history, current status and prospects of India’s economic development. India should formulate targeted social policies according to the stage of economic development and needs. Improve the institutional mechanism to stimulate the internal dynamics and innovative vitality of the main business entities. India can improve its economic structure and enhance the balance and sustainability of economic growth by accelerating the implementation of the “Make in India” program, strengthening infrastructure construction, supporting agricultural and rural development, and implementing education and health care reforms. Developing consumer credit and increasing consumer demand were also effective means of enhancing economic growth, but further transformation and innovation in the manufacturing sector needed to be promoted.


Keywords


Social Keynesianism; Indian economy; manufacturing; technology empowerment

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References


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DOI: https://doi.org/10.24294/jipd4766

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