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    Recent Developments in Indian Economy

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    Shivani Gahlot
    The document summarizes recent developments in the Indian economy. It notes that India has emerged as the fastest growing major economy and is expected to be one of the top three economic powers over the next 10-15 years. Some key recent developments include India's GDP growth rate of 12% in 2019-2020, an increase in exports and income tax collection, and growth in the startup sector with India retaining its position as the third largest startup base. The government has undertaken various initiatives to boost rural development, infrastructure, education, and healthcare. Overall, India has experienced rapid economic growth, more foreign investment, and a boom in the IT sector since economic reforms in 1991.

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    Recent Developments in Indian Economy

    Uploaded by

    Shivani Gahlot
    52 views9 pages
    The document summarizes recent developments in the Indian economy. It notes that India has emerged as the fastest growing major economy and is expected to be one of the top three economic powers over the next 10-15 years. Some key recent developments include India's GDP growth rate of 12% in 2019-2020, an increase in exports and income tax collection, and growth in the startup sector with India retaining its position as the third largest startup base. The government has undertaken various initiatives to boost rural development, infrastructure, education, and healthcare. Overall, India has experienced rapid economic growth, more foreign investment, and a boom in the IT sector since economic reforms in 1991.

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    The document summarizes recent developments in the Indian economy. It notes that India has emerged as the fastest growing major economy and is expected to be one of the top three economic powers over the next 10-15 years. Some key recent developments include India's GDP growth rate of 12% in 2019-2020, an increase in exports and income tax collection, and growth in the startup sector with India retaining its position as the third largest startup base. The government has undertaken various initiatives to boost rural development, infrastructure, education, and healthcare. Overall, India has experienced rapid economic growth, more foreign investment, and a boom in the IT sector since economic reforms in 1991.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    52 views9 pages

    Recent Developments in Indian Economy

    Uploaded by

    Shivani Gahlot
    The document summarizes recent developments in the Indian economy. It notes that India has emerged as the fastest growing major economy and is expected to be one of the top three economic powers over the next 10-15 years. Some key recent developments include India's GDP growth rate of 12% in 2019-2020, an increase in exports and income tax collection, and growth in the startup sector with India retaining its position as the third largest startup base. The government has undertaken various initiatives to boost rural development, infrastructure, education, and healthcare. Overall, India has experienced rapid economic growth, more foreign investment, and a boom in the IT sector since economic reforms in 1991.

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    RECENT

    DEVELOPMENTS IN
    INDIAN ECONOMY
           INTRODUCTION
    India has emerged as the fastest growing major economy in the
    world and is expected to be one of top three economic powers
    over the next 10-15 years, backed by its strong democracy and
    partnerships. India has slowly opened up its market through
    economic liberalization and through economic reforms india has
    progressed towards a free market economy.
    India's nominal GDP growth rate is estimated at 12 percent
    in 2019-2020. The estimate for 2018-19 was 11.5 per cent.

    India has retained its position as the third largest startup


    base in the world.
    MARKERT
    SIZE India's labour force is expected to touch 160-170 million by
    2020, based on rate of population growth, increased labour
    force participation and higher education enrolment.

    India's foreign exchange reserves has also increased.


    With the improvement in the economic
    scenario, there have been various invenstment
    in various sectors of the economy. Some of the
    important recent developments in indian
    economy are as follows:-

    RECENT 1) Exports from india increased 4.32 percent


    year on year toUS$ 92.33 billion in april-may
    DEVELOPME 2019.
    NTS 2) Income tax collection in the country reached
    Rs 2.50 lakh crore between april- November
    2018.
    3) India's index of industrial production rose 2
    percent till june 2019.
    4) Consumer price index inflation rose to 3.13 percent
    in august 2019

    5) India is expected to have 1,00,000 startups by 2025 

    6) The world bank has stated that private investments


    in india is expected to grow by 8.8 percent in 2019

    7) India is expected to retain its position as the world's


    leading recipient in 2019.

    8) Mergers and acquisitions activity in thw country has


    increased.
    The union budget of india focused on uplifting
    the rural economy and strengthening of the
    agricultural sector, healthcare for the
    GOVERNME economically less privileged, infrastructure
    NT creation and improvement in the quality of
    education of the country. As per the budget
    INITIATIVES the government is committed towards
    doubling the farmer's income by 2022. A total
    of RS 14.34 lakh crore will be spent for creation
    of livelihood and infrastructure in rural areas. 
    Atal innovation mission in NITI aayog which aims at encouraging
    community innovation in underserved and unserved areas of the country.

    The government is going to increase public health spending to 2.5


    SOME RECENT percentage of GDP by 2025.

    INITIATIVES Village electrification in india was completed in april 2018.


    AND
    DEVELOPMEN Prime minister's employment generation programme will be continued
    with and outlay of 5,500 crore.
    TS
    UNDERTAKEN Public sector banks will be provided a capital infusion of Rs 70,000 crores. 

    BY
    GOVERNMENT Under pradhan mantri sadak yojana, government plans to spend Rs 50,250
    crores to build roads. 

    Government is planning to launch bharatcraft portal , an e-commerce


    marketing portal  to market and sell the products.
    After a major economic crisis in 1991, followed
    by bold reforms, the economy has experienced
    a rapid economic growth rate, more foreign
    investment and a boom in the information
    technology sector. The major areas of
    developments are:-

    CONCLUSIO   1) Rural development


    2) Media and entertainment
    N 3) Tourism
    4) Economic growth
    5) Infrastructure
    6) Education
    7) healthcare
    THANK YOU
    BY:- SHIVANI GAHLOT
    ROLL NO:- 35119210005

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