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Economy not in trouble: FM
Why is it in the news?
- Finance Minister said the economy is not in trouble and green shoot are visible with the country moving towards a USD 5 trillion economy.
More in the news
- More from the Finance Minister:
(1) Increasing Foreign Direct Investment (FDI), rise in factory output and over Rs 1 lakh crore GST collection in the past three months are indications of green shoots in the economy.
(2) The forex reserve is at an all-time high and the stock market is upbeat.
(3) Government’s focus is on four engines of growth which include private investment, exports, private and public consumption.
- National Infrastructure Pipeline:
(1) With regard to public investment, FM said, the government in December announced a National Infrastructure Pipeline.
(2) It envisages investment of Rs 1.03 lakh crore for infrastructure development across the country in the next four years (till 2024-25).
- MSP:
(1) To boost consumption, the government has increased the Minimum Support Price of all mandated Rabi and Kharif crops for 2019-20.
Source
The Hindu.