India is one of the ten largest economies in the world, with respect to its GDP. In 2021, it had an annual GDP of about $3 billion, having a higher growth than countries like Canada or Russia. It can be said that India is a giant in the capitalist game. If you study economics, a very interesting topic for the thesis can be a detailed study of the economy of this country. For the defense, you can use this presentation template to include the most relevant data of your research. To give it a creative and visual touch, we have included illustrations from Storyset, another of our projects. Download the design now and dazzle the thesis evaluation committee.

In light of the Q1 GDP growth, we have revised our growth estimate for this year to reflect it. We expect GDP to grow in the range of 6.5% to 6.8% primarily due to festive spending in the coming months followed by higher government spending before the upcoming national elections mid-next year. We believe GDP growth will be over 6.5% next year as geopolitical uncertainties subside, and the global economy bounces back on a stronger growth path.


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We continue to remain optimistic about the economy this year and expect India to grow between 6.5% and 6.8% between FY23 and FY24 in our baseline scenario, followed by an average of 6.65% and 7.95% over the next two years as the global economy turns buoyant (figure 2). (For more on our baseline and pessimistic scenarios, see Key assumptions.)

Recognizing the paramount role the MSME sector plays in the economy, the Indian government will have to ensure that the sector rebounds strongly by promptly addressing the structural and institutional challenges the sector is facing with the right policies and recommendations. Measures around formalization, addressing infrastructural bottlenecks, encouraging exports, and promoting digitization will go a long way toward improving the contribution of the sector to employment, income, and exports. Doing this will require a sector-specific approach (separate policies for manufacturing and services) during policy formulation as a generic approach may not address the shortcomings.

India is primarily a domestic demand-driven economy, with consumption and investments contributing to 70% of the economic activity. With an improvement in the economic scenario and the Indian economy recovering from the Covid-19 pandemic shock, several investments and developments have been made across various sectors of the economy. According to World Bank, India must continue to prioritise lowering inequality while also putting growth-oriented policies into place to boost the economy. In view of this, there have been some developments that have taken place in the recent past. Some of them are mentioned below.

Over the years, the Indian government has introduced many initiatives to strengthen the nation's economy. The Indian government has been effective in developing policies and programmes that are not only beneficial for citizens to improve their financial stability but also for the overall growth of the economy. Over recent decades, India's rapid economic growth has led to a substantial increase in its demand for exports. Besides this, a number of the government's flagship programmes, including Make in India, Start-up India, Digital India, the Smart City Mission, and the Atal Mission for Rejuvenation and Urban Transformation, is aimed at creating immense opportunities in India. In this regard, some of the initiatives taken by the government to improve the economic condition of the country are mentioned below:

When you speak, you should avoid using acronyms and technical jargon unfamiliar to your listeners and keep your pitch brief. Audiences in business presentations sometimes complain that pitches are hard to understand and too long.

The adoption of the New Economic Policy in 1991 saw a landmark shift in the Indian economy, as it ended the mixed economy model and license raj system - and opened the Indian economy to the world. An overview of the top performing sectors of the Indian economy is given below -

The seven priorities, termed Saptarishi, adopted in the Union Budget for FY 2023-24 to guide the country towards 'Amrit Kaal', thus providing a blueprint for an empowered and inclusive economy, are:

Open-economy macroeconomics, growth and structural change, political economy of growth and development, comparative growth experience, employment and labour markets, development economics, international trade and financial markets

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The quest to quickly industrialize had caused a large reallocation of funds away from the farm sector. Agriculture outlay was nearly halved to 14% in the second Plan. Food shortages worsened, and inflation spiked. Imports of foodgrains depleted precious foreign exchange reserves. Chakravarti Rajaji" Rajagopalachari, a one-time-friend-turned-critic of Nehru, was a staunch proponent of economic freedom. He fell out with Nehru on the question of excessive state involvement in the economy. On 27 May 1964, Nehru died, but, despite criticism then and in later years, he had cemented his legacy as a modernizer.

Finance minister in 1991, Manmohan Singh became prime minister in 2004 but he was not quite the same reformer. His government launched the Mahatma Gandhi National Rural Employment Guarantee Scheme in February 2006 in 200 most backward districts, which was later expanded to cover all rural districts. The scheme aimed to enhance livelihood security by providing at least 100 days of guaranteed wage employment in a fiscal year to every rural household whose adult members volunteer to do unskilled manual work. The 10 years when Singh was prime minister were also a time of high growth and expansion of the economy as loan rates softened.

The first Economic Survey of India was presented in 1950-51 as part of the Union Budget. After 1964 it was separated from the Budget and presented each year during the Budget Session before the presentation of the budget.[2] The document is non-binding. Nevertheless, is constructed and presented each year due to its significance.[2]

The document is the Ministry's view[clarification needed] on the state of the economy of the country. This document of the Ministry, the Economic Survey of India reviews the developments in the Indian economy over the past financial year, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term.[1]

The Survey has been tabled by the Finance Minister Nirmala Sitharaman on January 31 that details the state of the economy ahead of the government's Budget for the fiscal year beginning April 1, 2022. The survey acknowledges the support from the Ministers of State for Finance Shri Pankaj Chaudhary and Bhagwat Kishanrao Karad, Finance Secretary T. V. Somanathan, Secretary DEA Ajay Seth and Revenue Secretary Tarun Bajaj.

The Economic Survey also warned that the new restrictions introduced across the globe due to the spread of the Omicron variant of coronavirus pose a threat to tourism as well as domestic passenger traffic in the near term. Vaccination is not merely a health response but is critical for opening up the economy, particularly contact-intensive services. Therefore, it should be treated for now as a macro-economic indicator.

The importance of "Ethical Wealth Creation" as a basis for the economy is emphasized upon. Reference to the Arthashastra, Tirukkural and The Wealth of Nations is made.[15][16][17] Through these texts, the Survey documents that ideas of wealth creation are rooted in India's rich traditions. The Survey notes that India's past dominance in economic matters was not by chance, but design.[13]

Since agriculture is the backbone of the country and a part of the government announced essential category, the impact is likely to be low on both primary agricultural production and usage of agro-inputs. Several state governments have already allowed free movement of fruits, vegetables, milk etc. Online food grocery platforms are heavily impacted due to unclear restrictions on movements and stoppage of logistics vehicles. RBI and Finance Minister announced measures will help the industry and the employees in the short term. Insulating the rural food production areas in the coming weeks will hold a great answer to the macro impact of COVID-19 on Indian food sector as well as larger economy.

The document is a yearly report, which is prepared by the Economics Division of the Department of Economic Affairs under the Ministry of Finance, that provides an overview of the Indian economy in the financial year that is coming to a close.

The Economic Survey of India was first presented in 1950-51 and at that time, it was a part of the main Union Budget. But after 1964, the Economic Survey was separately prepared and tabled a day before the main Budget presentation.

The Economic Survey basically takes a close look at the developments in the Indian economy in different sectors, such as agriculture, services, industries, public finance, and infrastructure, over the last 12 months. It also gives an overview of exports, imports, foreign exchange reserves, and money supply during the fiscal. 006ab0faaa

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