Indubitably, among all other issues the legislation puts financial development on top of the list. Even though the economic growth of the country has a significant impact on the development of the country there are a plethora of problems that require immediate attention. This essay will discuss the possible benefits and drawbacks of such a decision by the government.
Financial growth of a country can help them in securing better international relations, especially with other financially affluent nations. That is to say, if the country is economically stable more number of countries would want to maintain a good relationship with that nation, thereby reducing the risk of war. For instance, the Indian prime minister is trying to increase the total revenue of the country in order to maintain cordial relations with other developed economies such as Russia, in order to gain their support, in case of a war.
On the other hand if one focuses only on the monetary gain of a country, other pressing issues can get sidelined. Problems such as inadequate health care facilities can often get overlooked. The government fails to realize that both health and financial growth is interconnected. If there is are no healthy people then the income of the country reduces as there is nobody contributing to the revenue.
To reiterate, if the government focuses only on the economical development it can lead to the formation of good connections with other rich countries but on the other hand, it can also result in other problems being ignored.