It is very difficult to overcome the financial crisis. There are different problems related to the finance and economy. There are various steps taken by the Governing body to enhance the position of the Indians. The common Man must also spend the money properly. They must make their budget and calculative in their dealings in the daily life. There will be problems and people must overcome it with all courage.
To overcome financial problem is surely not easy, but if government takes some preventive measures, there are possibilities that to some extent these problems can be controlled. Agriculture and small scale industries should be promoted and groomed which can help in economic development. Secondly money with government should be invested in proper cause and not on political tantrums and fancy infrastructure. If importing of good from different nation is limited, then there are fair chances for financial growth. There should well design economic models that can work well under financial conditions. All these are small steps that can help in overcoming the financial problems.
it is upto the government how efficiently it utilizes the money looted from the people. it loots the money in the name of hundreds of taxes and uses that money to conduct rallies and fill foreign bank accounts. instead of this, if the government would invest it properly or even if gave away all that wasted money to the poor, india would be a lot better place to live in.
optimal utilization of resources is one of the best and ever green tactics to overcome any financial problems. government must sit back and device such programs for the poorer and middle class people so that their problems can be resolved. government should lower the burden of taxes in their shoulders
i think encouraging small scale companies would help a lot in improving existing economic financial conditions. gov must allocate more and more subsidies and also see that those subsidies reach the beneficiary at any cost, without any delay or any manipulation. then only could we hope for any betterment in financial status.
India has the potential to become a economic super power if the economists device good policies suitable to out existing conditions. The agricultural sector and cottage industries should be given a overhaul because these are lying dormant over the period with little improvement. I think if the above steps are reviewed there could be little improvement in our economy.
Preparing a budget for yourself. Even if you are running any business then a budget is a very important thing to consider. One should be able to fight with the financial problem if they divide the money accordingly and on important things. Budget planing is not only important in running household things but also for the government. As each year new budget plan is introduced t cope with the economy of the country. So this is the best way to overcome financial problems.
