India Positive - February 02, 2018
- February 2, 2018
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India would once again become the fastest growing major economy in the world with a GDP growth rate of 7-7.5 per cent in 2018-19, as per the Economic Survey 2017-18.
The indirect taxpayer base of India has grown by more than 50 per cent with the implementation of the Goods and Services Tax (GST), as per the Economic Survey 2017-18.
India's external sector has continued to grow stronger in FY 2017-18, with a low current account deficit (CAD) of US$ 7.2 billion in Q2 FY18 and strong growth in exports of engineering goods and petroleum and crude products, as per the Economic Survey 2017-18.
The largest government funded healthcare programme in the world, named 'National Health Protection Scheme' will be launched by Government of India to benefit 10 million poor families in the country, as per Union Budget 2018-19.
Reaching the top 50 ranking in the World Bank's ease of doing business index is reasonably possible for India with improvements in the various machineries of the government, according to Mr Arun Jaitley, Minister of Finance, Government of India.
Mr Suresh Prabhu, Minister of Commerce and Industry, is going to call a meeting of a working group soon to develop a detailed roadmap for making India a US$ 5 trillion economy in the coming years.
Under Union Budget 2018-19, railways will undertake capital expenditure of Rs 1,48,528 crore (US$ 23.35 billion), a major part of which will be devoted to capacity creation, according to Mr Arun Jaitley, Minister of Finance, Government of India.
The logistics sector in India is expected to increase at a compound annual growth rate (CAGR) of 10.5 per cent, from US$ 160 billion in 2017 to US$ 215 billion by 2020, backed by the implementation of the Goods and Services Tax (GST), as per the Economic Survey 2017-18.
India to be fastest growing economy with 7-7.5% GDP in FY'19
India would once again become the fastest growing major economy in the world with a GDP growth rate of 7-7.5 per cent in 2018-19, as per the Economic Survey 2017-18.
Indirect taxpayer base rises by 50% with GST implementation: Economic Survey
The indirect taxpayer base of India has grown by more than 50 per cent with the implementation of the Goods and Services Tax (GST), as per the Economic Survey 2017-18.
India's External Sector Continues to be Strong Says the Economic Survey
India's external sector has continued to grow stronger in FY 2017-18, with a low current account deficit (CAD) of US$ 7.2 billion in Q2 FY18 and strong growth in exports of engineering goods and petroleum and crude products, as per the Economic Survey 2017-18.
Budget 2018: World's largest govt-funded health care programme
The largest government funded healthcare programme in the world, named 'National Health Protection Scheme' will be launched by Government of India to benefit 10 million poor families in the country, as per Union Budget 2018-19.
Possible for India to be in top 50 on ease of biz index: FM
Reaching the top 50 ranking in the World Bank's ease of doing business index is reasonably possible for India with improvements in the various machineries of the government, according to Mr Arun Jaitley, Minister of Finance, Government of India.
'Working grp to meet on roadmap to make India a $5trn economy'
Mr Suresh Prabhu, Minister of Commerce and Industry, is going to call a meeting of a working group soon to develop a detailed roadmap for making India a US$ 5 trillion economy in the coming years.
Railway's Capex for the year 2018-19 Pegged at Rs.1,48,528 Crore
Under Union Budget 2018-19, railways will undertake capital expenditure of Rs 1,48,528 crore (US$ 23.35 billion), a major part of which will be devoted to capacity creation, according to Mr Arun Jaitley, Minister of Finance, Government of India.
India's logistics sector to reach USD 215 bn by 2020: Survey
The logistics sector in India is expected to increase at a compound annual growth rate (CAGR) of 10.5 per cent, from US$ 160 billion in 2017 to US$ 215 billion by 2020, backed by the implementation of the Goods and Services Tax (GST), as per the Economic Survey 2017-18.
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