Grow | SabrangIndia News Related to Human Rights Fri, 05 Jul 2019 07:23:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 https://sabrangindia.in/wp-content/uploads/2023/06/Favicon_0.png Grow | SabrangIndia 32 32 India Expected To Grow At 7% In 2019-20: Economic Survey 2018-19 https://sabrangindia.in/india-expected-grow-7-2019-20-economic-survey-2018-19/ Fri, 05 Jul 2019 07:23:54 +0000 http://localhost/sabrangv4/2019/07/05/india-expected-grow-7-2019-20-economic-survey-2018-19/ Mumbai: India continued as the fastest growing economy at 6.8% in 2018-19 and is expected to grow at 7% in 2019-20, the Economic Survey 2018-19 tabled in parliament on July 4, 2019, said. The average growth in the last five years (since 2014-15) has been 7.5% in terms of real gross domestic product (GDP). The […]

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]]> Mumbai: India continued as the fastest growing economy at 6.8% in 2018-19 and is expected to grow at 7% in 2019-20, the Economic Survey 2018-19 tabled in parliament on July 4, 2019, said. The average growth in the last five years (since 2014-15) has been 7.5% in terms of real gross domestic product (GDP).

The economic survey outlined India’s vision of becoming a $5 trillion economy by 2024-25. To meet this objective, India will need to sustain a real GDP growth rate of 8%, which can be achieved by creating a “virtuous cycle” driven by savings, investment and exports, supported by favourable demographics, the survey said. It emphasises on private investment as the key driver. 

The survey also talks about using: data as a public good, behavioural economics to foster economic growth, affordable and sustainable energy for inclusive growth and technology for welfare schemes.

Here are the highlights from the economic survey 2018-19:

(Mallapur is a senior analyst with IndiaSpend.)

Courtesy: India Spend
 

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