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7,00,000 crore stimulus to the economy
Highlights of the presentation:
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India continues to be an economy with strong macro fundamentals.
- Consistent inflation control.
- Current account deficit is 0.7% which is under the safe limit of 2%
- Forex reserves amount up to an all-time high of $400 billion.
- Fiscal deficit currently stands at 3.5%.
- GDP of the country has lost some strength and has come down to 5.7% over the last quarter. However, as IMF has predicted, Indian economy will soon catch up.
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Transformative steps were taken by the government
- GST, goods and services tax
- Disinvestment targets
- Increased public infrastructure spending with targets exceeding by almost 30% over the last year.
- Bankruptcy law
With the economy in the strong state and the steps taken by the government in the right direction, the government decided to give it a fillip.
राज्यों से जुड़ी हर खबर और देश-दुनिया की ताजा खबरें पढ़ने के लिए नार्थ इंडिया स्टेट्समैन से जुड़े। साथ ही लेटेस्ट हिन्दी खबर से जुड़ी जानकारी के लिये हमारा ऐप को डाउनलोड करें।