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

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.

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Publication Details

Journal
Journal of Infrastructure Policy and Development
Published
2024-11-18
DOI
https://doi.org/10.24294/jipd4766
Primary Topic
Economic Theory and Policy
Type
article
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0.00
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article

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

Wei Zhou, Marjorie Rola, Jiaxin Zhang
Journal of Infrastructure Policy and Development
Economic Theory and Policy
article

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

Wei Zhou, Marjorie Rola, Jiaxin Zhang
article en

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.

Journal of Infrastructure Policy and DevelopmentVol. 8(14)
Lyceum of the Philippines University (PH)
Openalex Percentile: Top 63%
Economic Theory and Policy
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