India’s growth path in the next few years must depend on robust domestic investment and sector wise growth. Substantiate (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
IAS Parliament 2 years
KEY POINTS
· The National Statistical Office’s real GDP growth estimate of 13.5% for the first quarter of 2022-23 is 2.7% points lower than the Reserve Bank of India’s earlier assessment of 16.2%.
· This indicates that the performance of the Indian economy is not fully normalised yet which would be consistent with a growth of 6.5% to 7%.
· On the demand side, all major segments showed magnitudes in 1Q of 2022-23 that were higher than their corresponding levels in 1Q of 2019-20.
· The ratio of gross fixed capital formation to GDP at current prices is 29.2% in 1Q of 2022-23 which is 1% point higher than the investment rate of 28.2% in the corresponding quarter of the previous year.
· The Centre’s capital expenditure grew by 62.5% during the first four months of 2022-23. This momentum needs to be maintained.
· This would be facilitated by a buoyant growth in the Centre’s gross tax revenues, which showed a growth of nearly 25% during the first four months of the current fiscal year.
· India’s growth path in the next few years must depend on domestic investment picking up. Sector-wise growth in investment must be the focus of policymakers in removing bottlenecks and creating a favourable climate.
PANDI SANTHOSH RAJA S 2 years
Kindly review
IAS Parliament 2 years
Try to mention about sector wise growth. Keep Writing.
Aravind R 2 years
Kindly provide feedback mam/sir
IAS Parliament 2 years
Good attempt. Keep Writing.
K. V. A 2 years
Pls review
IAS Parliament 2 years
Good attempt. Keep Writing.
