Promising growth of Indian economy!
Trend to remain fastest growing over next few years! The Economic Advisory Council to the Prime Minister (EAC-PM) had a meeting on 25th January, 2019 and took stock of the state of the economy. The Council endorsed that the macro-economic fundamentals of the economy are sound, but challenged remain, several of which are structural in nature. While the prospects for world economic growth does not look very promising, particularly in the advanced economics, there is sufficient amount of growth momentum in emerging market economies. India is not insulted from global developments. Nevertheless, India’s growth is expected to be in the 7-7.5% range in the next few years; one of the fastest in the world. However, with reforms designed to address the structural problems, growth rates can easily be enhanced by at least 1%. Amongst the issues discussed by the EAC-PM were agricultural problem, investment trends (including investments by States consequent to 14th Finance Commis