Zoho's CEO gave the Indian government an idea..!?

Sowmiya Sriram
Zoho's CEO gave the indian government an idea..!?
Argentina, which was in economic decline, has now recovered from it. After presenting a deficit budget for many years, argentina has presented a budget without a deficit for the first time. Zoho CEO sridhar Vembu posted this on his X page. sridhar Vembu has praised the efforts taken by the Argentine President to reduce unnecessary government spending. He has stated that there is a need to completely reconsider our concept of GDP. When Argentine President Milley started cutting unnecessary government spending, traditional Keynesian economists said that it would destroy the country's economy. Initially, the country's GDP fell. But it is now growing again, he said.
Sridhar Vembu said that for the first time in a century, the country's government has presented a budget without a deficit. sridhar Vembu said that we need to completely change our concept of GDP. He also pointed out that a large amount of government spending is directly included in the declared GDP. He said that just as companies increase their debt while showing income, politicians are taking government finances to the brink of bankruptcy while showing GDP growth. sridhar suggested that the time has come to change the Keynesian economic theory that we have traditionally followed, which only honors unnecessary government spending. Stating that we should not pay respect to economists with luxurious educational credentials, he said that in this modern era, we should take argentina as an example and that I am constantly monitoring Argentina's economic activities. Comparing excessive government spending to drug addiction, he said that Argentina's economy had been weakened by decades of excessive spending, inflation, and mismanagement. It was in this situation that the people of argentina gave President Mili an opportunity and he said that he has used that opportunity properly to restore the country's economy.
Sridhar Vembu, who stated that a new way of thinking about the economy is needed around the world, also mentioned that the Trump-led US administration is taking steps to reduce unnecessary spending as soon as possible.
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