{"id":285008,"date":"2018-01-30T07:35:55","date_gmt":"2018-01-30T02:05:55","guid":{"rendered":"http:\/\/www.tehelka.com\/?p=285008"},"modified":"2018-01-30T07:35:55","modified_gmt":"2018-01-30T02:05:55","slug":"indias-gdp-will-grow-7-7-5-this-fiscal-year-economic-survey","status":"publish","type":"post","link":"https:\/\/tehelka.com\/indias-gdp-will-grow-7-7-5-this-fiscal-year-economic-survey\/","title":{"rendered":"India\u2019s GDP will grow 7-7.5% this fiscal year: Economic Survey"},"content":{"rendered":"<p>India\u2019s GDP will grow 7-7.5% in the financial year 2018-19 as the country will regain fastest growing major economy tag, said Finance Minister Arun Jaitley while tabling the Economic Survey 2017-18 in the Lok Sabha soon after President Pram Nath Kovind&#8217;s address to the joint sitting of both Houses of Parliament.<br \/>\nSupporting agriculture, privatising Air India and finishing bank recapitalisation would be the policy agenda for next year, the survey hinted<br \/>\nHere are few other highlights of the Economic Survey:<\/p>\n<ul>\n<li>GDP growth for FY2017-18 seen at 6.75%<\/li>\n<li>Policy vigilance required next fiscal if high oil prices persist or stock prices correct sharply<\/li>\n<li>GST data shows 50% rise in number of indirect taxpayers<\/li>\n<li>Tax collection by states, local governments significantly lower than those in other federal countries<\/li>\n<li>Demonetisation has encouraged financial savings<\/li>\n<li>Insolvency Code being actively used to resolve NPA woes<\/li>\n<li>Retail inflation averaged 3.3% in 2017-18, lowest in last 6 fiscals<\/li>\n<li>India needs to address pendency, delays and backlogs in the appellate and judicial arenas<\/li>\n<li>Urban migration leading to feminisation of farm sector<\/li>\n<li>Rs 20,339 cr approved for interest subvention for farmers in current fiscal<\/li>\n<li>FDI in services sector rises 15% in 2017-18 on reforms<\/li>\n<li>Fiscal federalism, accountability to help avoid low equilibrium trap<\/li>\n<li>India\u2019s external sector to remain strong on likely improvement in global trade<\/li>\n<li>Technology should be used for better enforcement of labour laws<\/li>\n<li>Swachh Bharat initiative improved sanitation coverage in rural areas from 39% in 2014 to 76% in January 2018<\/li>\n<li>Priority to social infrastructure like education, health to promote inclusive growth<\/li>\n<li>Centre, states should enhance cooperation to deal with severe air pollution<\/li>\n<li>Survey 2017-18 was in pink colour to highlight gender issues<\/li>\n<\/ul>\n<p><em>With input from agencies<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s GDP will grow 7-7.5% in the financial year 2018-19 as the country will regain fastest growing major economy tag, said Finance Minister Arun Jaitley while tabling the Economic Survey 2017-18 in the Lok Sabha soon after President Pram Nath Kovind&#8217;s address to the joint sitting of both Houses of Parliament. Supporting agriculture, privatising Air [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":285009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[39],"tags":[420,421,422],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/285008"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=285008"}],"version-history":[{"count":0,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/285008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=285008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=285008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=285008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}