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INDIA
GDP to Forge Ahead
Dr B K Mukhopadhyay
India’s GDP can even touch 8 percent in the very coming days. Latest assessments are confirming the same almost.
It may be mentioned here that GDP refers to the total market value of all goods and services that are produced within a country per year. It is an importantn indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2015, India’s real gross domestic product growth was at about 7.34 percent compared to the previous year.
Reasons to Be Hopeful
Let us have a quick look at the recent goings.
During March 2016, eight core infrastructure industries grew by 6.4, as compared to 5.7 per cent growth in February 2016 and -0.7per cent growth in March 2015. The growth of core industries during FY 2015-16 was 2.7 percent, as compared to 4.5 per centgrowth during FY 2014-15.
To read the further article please get your copy of Eastrn Panorama August issue @http://www.magzter.com/IN/Hill-Publications/Eastern-Panorama/News/ or mail too contact @easternpanorama.in
