This is How Modi Government is Planning to Boost India’s GDP

Modi government is planning to boost India’s Gross Domestic Product (GDP) by focussing upon the country’s districts. Sources told Zee Media Bureau that the Centre is planning to raise districts’GDP in order to boost India’s.

As per the sources, the Government is aiming for 4% GDP hike via development equity. It would plan to improve districts’ economy through various phases.

In its first phase, Centre would focus upon six districts of Maharashtra, Andhra Pradesh, Bihar, Uttar Pradesh and Himachal Pradesh. The government would eye to hike private investment in order to raise the GDP.

In Maharshtra, it would emphasise on the Konkan range. Besides, it would also launch its action plan in Ratnagiri and Sindhudurg.

Earlier, Commerce Minister Suresh Prabhu had directed in April 2018 to execute on the action plan for Ratnagiri and Sindhudurg. The development would focus upon various areas including aviation, agriculture, tourism, heath and railways among others.

The government is targeting Indian economy to be worth $5 trillion in coming 10 years.

Earlier, the government has forecasted that India’s Gross Domestic Product (GDP) would grow at 7.2 per cent in 2018-19. This was seen to be in line with expectations. The forecast also said that sectors such as construction, defence, manufacturing and utility services are likely to see above average growth in the current financial year. Real GDP in 2018-19 is likely to reach about Rs 139.52 lakh crore, as against the Rs 130.11 lakh crore in the previous year.

The estimate was part of the ‘First Advance Estimates of National Income 2018-18’ report put together by the Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation. India’s economy had registered a 6.7 percent year-on-year growth in 2017-18, against the CSO forecast of 7.4 percent.

Source: DNAIndia

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