It’s very important to keep national sentiments high for good economic growth : Yashwant Sinha

It is important to keep national sentiments high in order for the economy to grow well, former Union Finance Minister Yashwant Sinha said on Saturday.

Participating in a lively session in the Indian Student Parliament, Sinha also said that today’s economy is emotionally driven as emotions control consumption and determine needs.

“It is not uncommon for the economy to go up or down. In a globalized economy, we will not be isolated from the rest of the world. We also need to keep non-economic things in the record,” he said.

“Modern economics is also emotional as emotions control consumption and determine demand. Therefore, when public sentiment is low, consumption decreases which negatively affects the economy,” said Sinha, vice-president of the All India Trinamool Congress (AITC), Sizwe said.

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He noted that the feelings of the people and the economy were intertwined.
Bombay Stock Exchange CEO and MD Ashish Kumar Chauhan and BJD MP Souvic Biswal were also present.
“Any country or society thrives or thrives by building new technologies and not by sticking to old ideas. We can only become world leaders with material success and not with spiritual success.

This fast-moving technology wave will lead us to continued development, “Chahan said.

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