vigneshwarMemberAugust 16, 2022 at 1:45 AM
It has become the general perspective for the governments to keep their prime focus on the economic growth of the country by taking several measures however masses criticize that the other things have been side-lined which should be deemed as important for prospects of the country & citizens. Therefore, in this essay, I am going to discuss in detail about both the key elements in both the aspects and finally state my stand among both the views.
Financial growth is being considered as essential by many administrations for the factors such as sustainable growth required in the economy to keep debt, inflation in controlled rate and needs of cash inflow from foreign investments and companies to spend for countries’ development. Firstly, if the financial growth was considered by government as a mere low value, debt and inflation will transcend beyond its limit, hence it might keep the development of country at bay.
Secondly, focus on financial growth will provide consistent Cashflow that will be required for government’s spending towards infrastructure and basic needs of the people. For instance, during covid time, financially rich countries were able to curb the spread of disease and produced vaccine at larger scale.
On the other hand, there are other factors which should be considered as equally important for the country as similar to financial growth. People’s exposure to pollution, green house warming are more concerning now. In addition, safety index should be considered significantly for the citizens to leave in harmony and fraternity. Obviously, people health and environmental protection should be the primary concern irrespective of what wealth the companies like chemical firm and industries generates by paying huge taxes to the governments. Moreover, crime rates in the countries should be in curbed state such as smuggling, murders. Otherwise, this will hamper the growth of the country.
Finally, In my opinion, economic growth and other factors such as pollution, safety index also should be weighed equally for the future aspects and sustainable growth of the country without which progress of the country will get hindered adversely and it leads to menacing danger. So this brings forth the fact all the factors will be the pillars of the sustainable growth of the country otherwise our nation is bound to collapse.