SSC Economy Interview Question:

Why Governments have been unable to solve the problem of the current global crisis?

Submitted by: Administrator

Its nt so.. the problem had been building up for years.. so
no doubt, it is going to take time to be handled too.
talking abt india, govt came up with numerous fiscal
measures at the outburst of the crisis.. and since then, a
number of monetary steps have been taken to stabilize the
system. money is being injected for the common masses these
ways.
But the fact is that.. the job loss and impacts that have
been brought up by the us firms in india or asociates of the
us companies is long lasting. creating employemnt for
millions of those who have lost jobs would be a time
consuming task. Outsourcing of services used to b a great
source of income for india and indian companies. that has
reduced big time. so all that is bound to impact the common
masses.
Howevr, all the possible steps are being taken by the govt
to improve the purchasing power of people so as to bring the
supply demand cycle at a normal pace.
Submitted by: Administrator