| Life expectancy is increasing |
Not only India's population is increasing but life-expectancy of
citizens too increasing in tandem.
This means more senior citizens to take care of.
As most senior citizens don't work and their earnings is limited
to pensions and savings only, providing them financial assistance and
healthcare facilities is very necessary. Senior citizens are most hurt by the
falling interest rates as they predominantly invest in debt instruments. But
for a growing economy like ours 'low interest regime' is a
sought-after thing, providing financial sops and tax reliefs to senior citizens
especially during such period will be an inevitable task.
Health spending in India is supposed to become 1.58 % of the
national GDP and time will tell, to what extent scarcity of doctors in rural
areas shall be sorted out?
Food grain production is lagging behind the population growth and therefore serious 'farm sector reforms' will be necessary to feed the country population.
Indian economy runs on the imported crude. About 80 % of our oil needs are matched by the imported crude but domestic production is not increasing proportionally.
Faster capacity expansion approvals and less stringent
laws for oil-exploration companies are need of the hour. Explorers are
KG-D6 basin and Rajasthan should be encouraged to ramp up production.
No comments:
Post a Comment