Not only Indian Economy but also in all over world's economy is in crisis. People don't know real problem of economic problems that is why they are talking about population, money and other things but no one talking about capitalist systems who created the problem.
In all over world economic crisis main reason is products consumers are not in market and the product which has been produced are in crisis. It is the main reason. But people think that money is not there in economic crisis.
Recently, RBI has cut its repo rates about (repo) by 100 basis points. It was the decision after the crisis of banks. But now banks crisis is OK but economic crisis is not OK. Lets see what happened after RBI repo rate.
In a statement P. Chidambaram, Finance Minister said, “...RBI has decided to reduce the repo rate under the liquidity adjustment facility by 100 basis points to 8 per cent with immediate effect....” But how effective it is, now undecided.
In all over world economic crisis main reason is products consumers are not in market and the product which has been produced are in crisis. It is the main reason. But people think that money is not there in economic crisis.
Recently, RBI has cut its repo rates about (repo) by 100 basis points. It was the decision after the crisis of banks. But now banks crisis is OK but economic crisis is not OK. Lets see what happened after RBI repo rate.
In a statement P. Chidambaram, Finance Minister said, “...RBI has decided to reduce the repo rate under the liquidity adjustment facility by 100 basis points to 8 per cent with immediate effect....” But how effective it is, now undecided.
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