Why Indian capital should invest domestically

• Policy makers in India face the challenge of balancing long-term global trade benefits with short-term risks of low wages and unemployment for vulnerable populations.

• A necessary shift in the existing system is essential to prioritize broader public interests over private capital enrichment.

• Indian capital must evolve to be more inclusive and align with government efforts to mitigate risks from external economic shocks and high tariffs.

• Historical reliance on domestic protection has fostered leading Indian businesses, but the current global economic uncertainty requires these firms to align with public interests.

• Three key processes emerged in developing mass markets: establishing a wage-labor class, enhancing productivity through industrial mass production, and evolving demand composition due to income growth.

• Macroeconomic policies often overlook the critical need to stimulate domestic demand alongside supply-side efforts.

• Domestic capital can boost demand through increased private investment, as public investments have been rising significantly while private investments remain stagnant.

• Moderate wage growth is crucial to enhance distribution and stimulate domestic demand; however, the current trend shows corporate profits outpacing wage increases.

• Investment in Research and Development (R&D) is vital for long-term gains, but India lags behind advanced economies in R&D spending and private sector contributions.

• Unified responses from both the government and private sector are essential in navigating the uncertain global economic landscape, with a focus on national interests over profit maximization.

Capital for national progress is important topic for Civil service exam (WBCS).

🚨Daily Current Affairs MCQ pdf download- Google Drive Link https://drive.google.com/drive/folders/1PN6A2mDkCngLsGR115zhZ_vTV8W7AKN8?usp=drive_link

✅Telegram channel link: https://t.me/TheSoumyaSir

✅Attempt the daily current affairs test in our free section of app (android and ios) : https://play.google.com/store/apps/details?id=co.iron.rrnvu

✅ Interview related telegram group https://t.me/IASWBCSInterview 🔥 Book free consultation with WBCS Gr A Officer: https://bit.ly/Free-Appointment-with-Soumya-Sir-Other-WBCS-A-Officer

✅ Courses https://www.wbcsmadeeasy.in/courses/

✅ Attempt previous years questions : Link: https://bit.ly/wbcs-pyq-wbcsmadeeasy

✅ Take subject wise Chapterwise mock test : https://bit.ly/wbcs-prelims-all-subjects-chapter-wise-test

✅ Bio – https://bit.ly/m/wbcs-made-easy

✅ App download – Android: https://play.google.com/store/apps/details?id=co.iron.rrnvu&pcampaignid=web_share (iOS available too)

WBCS MADE EASY www.wbcsmadeeasy.in

8274048710/8585843673

Jawahar IAS www.jawaharias.in 7439954855