Question

on the context of GDP....what are the precautions to be taken ??




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Answer 1

Answer:

1) The Big Infrastructure Push: The Budget has announced multiple schemes and steps to provide a much-needed push to the infrastructure sector of the economy.

2) Ease of doing business: PM Modi has always stressed on the need to promote a conducive and lucrative business environment in the economy.

3) Focus on Agriculture: Agricultural sector forms the backbone of Indian economy and initiatives to propel the sector marked Jaitley's budget.

4) Emphasis Skill Development: Looking to harness the demographic dividend, Jaitley said that government will work on skill development of youth.

5) Enhanced savings: Most analysts feel that the economy's savings rate needs to go up in order to provide a larger pool of investible funds for the banks.