Insta
Indian Economy Grew 7.1 Per Cent In First Half Of Fiscal Despite Subdued Global Growth
Commerce Minister Nirmala Sitharaman. Picture credit: BRENDAN SMIALOWSKI/AFP/GettyImages
The Indian economy grew at 7.1 per cent in the first half of the current fiscal, despite subdued growth in the global economy, Parliament was informed today (28 November).
"Despite subdued growth in the world economy, India has maintained a GDP growth rate of 7.2 per cent in 2014-15, 7.6 per cent in 2015-16, and 7.1 per cent during April to September of 2016-17," Commerce Minister Nirmala Sitharaman told the Lok Sabha in a written reply.
She said the government has taken various steps to boost industrial production and growth, including initiatives like Make in India and Startup India, liberalisation of foreign direct investment (FDI) rules and development of industrial corridors. The minister also said the primary responsibility of industrial development of backward areas rested with the state governments, while the central government supplements their efforts through various schemes.
With inputs from IANS
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
