Economic Survey 2018


GDP Estimates From 7 To 7.5%, Inflation Will Be ‘Jerk’

Economic Survey 2018: Finance Minister Arun Jaitley has presented the Economic Survey of 2018 in Parliament. This survey, presented in Hindi and English, is expected to increase inflation in the future. However, in the financial year 2018-19, the estimate of GDP growth has been increased from 7 to 7.5 %. According to sources, the survey said that the current fiscal year, The GDP in the current financial would be 6.75%. According to the survey, the consumption-based growth will be seen in the coming fiscal year.

GVA Growth Is Estimated At 6.1 %

GVA growth is projected to be 6.1 percent in FY2018. Agriculture sector growth is projected to grow at 2.1 percent in the year 2018. The industry is projected to grow by 4.4 percent in 2018. Service sector growth is expected to be 8.3 percent in FY2018.

5 Big Things On GDP Growth

GDP growth for FY19 7% -7.5% possible

GDP growth for FY18 is 6.75% possible

Estimated agricultural growth rate of 2.1% in FY18

Industry Growth estimates 4.4% in FY18

Reforms to improve export growth

10 Big Things Of Economic Survey

GDP growth in FY18 estimated to be 6.75%

FY19 GDP growth estimate of 7-7.5%

Crude prices up 12% in FY19

Recent worrisome crude prices

Hopes of recovery in private investment

Consumption increased by decreasing interest rates

Focus on employment, education, agriculture in the medium term

FY18 agriculture Growth estimates to be 2.1%

FY18 GVA growth is 6.1% faster than 6.6%

More than 3.2% of fiscal deficit is not a matter of big concern

Manufacturing growth estimates to be 8%

5 Big Talks On Taxes In Economic Survey

50% increase in indirect tax collection

Indirect Tax Growth According To Estimates

According to GST Collection estimates in the first 8 months

Estimate of tax collection last year

50% increase in taxpayers in GST data

5 Big Things on Crude

12% faster in crude FY19

Crude prices are worrisome

Fuel subsidies increased due to rising crude prices

Aramco’s listing will increase crude prices

Roughly the hardest step of the crude is possible

The finance minister is set to unveil the budget for 2018-19 on February 1.


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