- Tag results for GDP
The paper suggested that expenditure towards the welfare of women and children need to be higher, since the country hosts 50 percent of under-nourished children of the world.
The report added that overall spending on rural/social schemes is expected to stay stable as a percentage of GDP and policymakers will continue to focus on ensuring the efficiency of public spending.
Improving the digital infrastructure will help achieve the goal of trebling GDP to USD 7.5 trillion over the next five years.
The GDP growth rate eclipsed the official estimates of around 6.5 per cent and even crossed 6.7 per cent witnessed in 2016, which was the slowest in over 25 years.
In its outlook for 2018-19, the agency projected average retail inflation at 4.6 per cent and said inflation trajectory has reversed on rising commodity, especially crude oil prices.
The government's priority is to ensure the gains reach the farmers and the growth is visible even in the farm sector, he said at an event.
As per the data released by the CSO, the acceleration in factory output was mainly on account of a robust performance by the manufacturing sector.
The government's official estimate for FY18 growth stands at 6.5 per cent, much lower than what experts would call as the potential.
The Congress slammed Narendra Modi for the slowdown in GDP and said the government's gross economic mismanagement decelerated India's growth story.
Brussels proposed increasing the budget from one percent of GDP in the 2014-2020 budget to 1.1 percent of GDP in the next multi-year budget following Britain's departure.
Congress leader P Chidambaram says there is economic slowdown, slams Narendra Modi government on jobs
Congress leader P Chidambaram on Saturday attacked the Narendra Modi government over its management of the economy.
Attributing the growth of the economy to Jaitley's "genius" and Modi's "Gross Divisive Politics", Gandhi mocked the government over a reduced GDP, this quarter.
While experts feel the manufacturing sector may see some revival in the fourth quarter, the agriculture sector could remain a drag.
Income growth of individuals is pegged at 8.3 per cent in the current fiscal, down from 9.7 per cent last year.
According to the CSO, GDP growth rate for the first quarter of 2017-18 fell to a three-year low of 5.7 per cent, in what seems to be a direct fallout of demonetisation.