In the economic research report filed by the Union finance minister Arun Jaitley, he has reported that the country's GDP in 2019 will be seeing a growth to 7.5%. The budget sessions have begun today at the parliament, and President Ramnath Kovind has presided over the budgetary sessions at the parliament with a speech. With the 2018-19 budget scheduled to be presented on February 1, Arun Jaitley today presented the economic analysis report at the parliament.
While the GDP of India last year was at 7.1, the finance minister has estimated a GDP of 7.5 % this year, in the economic analysis report presented by Arun Jaitley. While the GDP in the first 6 months of this financial year was 6.1%, the first quarter saw the GDP dip to 5.7%, and the GDP had met a substantial downfall compared to the past 3 years GDP. However, contrasting changes happened in the GDP trends in the second quarter of the current financial year, and it increased to 6.3%.
On the whole, the GDP
in the first 6 months was at a decent 6.1%. Meanwhile, the reserve bank has
also presented its GDP analysis, and has announced it to be 6.7% and adding
that it will be difficult to achieve 7& GDP. Surprisingly, the union
finance minister himself has analyzed and predicted a 7.5 % GDP.
