Monday, November 18, 2024

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Economic growth

The budget gets almost everything right, but sends a few wrong signals

Cut in corporate tax sends a sign that the government is embracing businesses

Economic Survey 2018-19 : $5 trillion economy by 2024-25, emphasis is on “Virtuous Cycle” of investment, jobs and exports

The Economic Survey 2018-19 in its theme speaks about enabling to "shifting of gears" to achieve the objective of becoming India a $5 trillion economy by 2024-25. 

GDP calculation system revised in line with international standards: govt clarifies Arvind Subramanian’s allegations of overstating growth numbers

Govt says GDP numbers calculated as System of National Accounts 2008 (2008 SNA) adopted by United Nations Statistical Commission

Eight Core Industries grew by 4.3% in 2018-19, the growth rate for March 2019 was 4.7%

In the eight sectors, only crude oil production declined, all other seven sectors saw positive growth in March 2019.

How ‘Make in India’ initiative is accelerating FDI investment in India and helping India emerge as the fastest growing economy

'Make in India' initiative launched in 2014 by the Modi Government has revitalised the country’s manufacturing sector.

Economy doomed? Sensex touches all time high and govt collects highest ever GST in March

GST collection in March was highest, and BSE Sensex crossed the 39000 for the first time on April 1st

131 chartered accountants debunk the politically motivated baseless allegations of some economists and social scientists

CAs appeal to the professionals around the world to come together to present the true picture of India and counter baseless allegations with political motivations

Thanks to ‘Make in India’, India’s manufacturing expands to hit 14-month high amidst slump in Asia: Nikkei Asian Review

The Indian manufacturing industry is mainly comprised of chemicals, machinery, metals, and textiles. The increasing growth in the manufacturing sector is attributed to Prime Minister Narendra Modi’s ‘Make in India’ initiative, which seeks to transform manufacturing in the country. 

Around 15 million jobs created by the Modi govt per year, but the ‘liberal’ propaganda won’t stop

The report estimates a total of 13.5-14.9 million job additions per annum by the Narendra Modi government. These estimates are again indicative of robust job creation in the economy over the last five years.

MSME sector created around 1.5 crore jobs each year in last 4 years, CII finds in its latest survey

One of the largest job surveys done by CII shows healthy job growth rate in MSME sector during the Modi government

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