a) Despite crude oil prices having crashed and the dollar value of the rupee having dropped in a steep devaluation, why have both exports and imports, especially the former in 23 of the 30 commodity groups, declined steadily over the last 14 months? b) Why have household savings, which were the bulk of national domestic investments, dropped from a high of 34 per cent of GDP in 2005 to 28 per cent of GDP in 2015?
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c) Why have the Non-Performing Assets (NPAs) of the public sector banks risen so sharply, in fact at a rate much higher than the rate of the new advances made by these banks? d) When the economy needs about a $1 trillion investment in infrastructure to render ‘Make in India’ a reality, why is the actual investment in just 75 projects in Financial Year 2015-16 valued at Rs.42,749 crore, less than the amount invested in 2005-06, which was Rs.44,511 crore? e) Why has the manufacturing sector, which provides the bulk of employment to the skilled and semi-skilled labour force, grown at an abysmally low rates of between 2 per cent and 5 per cent? f) Why, when India’s agricultural products are among the cheapest in the world despite a low yield per hectare, are we not able to double the production and export the products abroad?
“As a doctor, he has believed that the best way to bring down the temperature of a patient (i.e., inflation) is to kill him (investment starvation).”