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Title: IS KEYNESIANISM A PANACEA FOR THE PRESENT AILMENTS OF OUR ECONOMY?
Authors: DR. V. D. Radhakrishnan
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DR. V. D. Radhakrishnan Asst. Professor, Post Graduate and Research Department of Political Science, SN College Kollam, Kerala, India
MLA 8 Radhakrishnan, DR. V. D. "IS KEYNESIANISM A PANACEA FOR THE PRESENT AILMENTS OF OUR ECONOMY?" Int. j. of Social Science and Economic Research, vol. 4, no. 7, July 2019, pp. 5123-5130, ijsser.org/more2019.php?id=392. Accessed July 2019. APA Radhakrishnan, D. (2019, July). IS KEYNESIANISM A PANACEA FOR THE PRESENT AILMENTS OF OUR ECONOMY? Int. j. of Social Science and Economic Research, 4(7), 5123-5130. Retrieved from ijsser.org/more2019.php?id=392 Chicago Radhakrishnan, DR. V. D. "IS KEYNESIANISM A PANACEA FOR THE PRESENT AILMENTS OF OUR ECONOMY?" Int. j. of Social Science and Economic Research 4, no. 7 (July 2019), 5123-5130. Accessed July, 2019. ijsser.org/more2019.php?id=392.
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Abstract: At present the national income numbers is a matter of controversy. There is no unambiguous picture of income in our country. No serious policy decision is possible without a clear idea of income and expenditure. Even if the new income calculations are assumed to be correct, the fact is that growth is slowing down. The revised new estimates show that the growth rate in 2016- 2017 was 8.2% and that in 2018-2019 it was 7%. Therefore, accelerating economic growth must be on the top of agenda of the new government, at least to keep the minimum pace of the economy which satisfies the minimum expectations and dreams of 1.3 billion of people in this largest democracy. For realizing this, higher investment rate is required. It is true that for a short period, growth may be realized out of better utilization of existing capacity. But in the long-run the ratio has to go up substantially for remarkable growth.

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