Indian economy: Back on track, or Backing away?

Sindujaa D N

The economy has now returned to pre-Corona levels of activity. The Corona Corridor services sector took the brunt of the damage. Revenue from federal taxes and other sources has increased.



The indian government's fiscal deficit has also reached pre-corona levels. This one is warm and inviting. In india in 2016-17, there were not many start-ups. However, there is now at least one start-up in each of the 555 districts.


All of these were the proud declarations of Budget 2022; however, the Economic wing has also accepted its insecurity, particularly in the area of Cryptocurrencies.


Because cryptocurrency was not included in the fiscal year 2021-2022, there are no specific regulations or prohibitions on its use in the country. This is a point of contention within the government, including the Ministry of Finance, the Reserve bank of india, and even Parliament.



Unregulated wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital currency transactions, according to indian policymakers, could jeopardise macroeconomic stability. Instead of banning cryptocurrencies, the Modi government is considering legislation to regulate their use.


The government had stated its intention to raise a cryptocurrency bill for the sake of creating a framework that would promote the innovative creation of an official wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital currency.



In recent times, there has been noted an upsurge in the number of media advertisements, including those featuring flick stars, swearing easy and high returns on cryptocurrency investments.


Cryptocurrencies pose serious threats to the country's macroeconomic and financial stability, and the number of investors trading them, as well as their claimed market value, have been questioned.


Because they are unregulated by central banks, cryptocurrencies pose a serious threat to any financial system.



When cryptocurrency data-faces demerits on the whole, why does india want a new Bill!? When demonetization happened overnight, why not a cryptocurrency ban? What is Nirmala Sitharaman's or the BJP's benefit by exaggerating the false news?


When bjp falls down from its way, there will be the truth cracking behind about the Real indian Economy, Back on track or Backing away?



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