Published 12:08 IST, August 2nd 2019

Indian Economy: BJP MP Dr Subramanian Swamy suggests 5 steps for robust growth

Suggesting ways to boost the Indian economy, BJP leader Subramanian Swamy on Friday has shared steps like reduction in lending rates, raising banks' term deposit rates, making R&D and children's education tax-deductible to name a few.

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Suggesting ways to boost Indian ecomy, BJP MP Dr. Subramanian Swamy on Friday has shared steps like reduction in lending rates, raising banks' term deposit rates, making R&D and children's education tax-deductible to name a few.

Subramanian Swamy suggests measures to boost ecomy

He has also stated or agricultural measures like tweaking crop seasons, market access to agricultural exports to boost Indian ecomy.

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Suggesting steps to meet growing power demands and or financial plans, he expounded:

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Meanwhile, on Thursday, former Congress president Rahul Gandhi h dressed Prime Minister Narendra Modi saying that if Union Finance Minister Nirmala Sitharaman  is misinforming Prime Minister about state of Indian ecomy being great, n it is untrue ding 're seems to be light at end of tunnel, train of recession coming at full throttle.'

BUDGET 2019: Ecomic Survey Focuses On Private Industries For Creating A 'virtuous Cycle' Of Growth, To Become $5 Trillion Ecomy

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Ecomic Survey prediction:

On July 4, changing focus of Modi government 2.0 from FDA to private sector, Ecomic Survey, prepared by CEA Krishnamurthy Subramanian h suggested that to achieve aim of becoming a $5 trillion ecomy, a GDP growth rate of 8% must be maintained.

survey in its heline projection h pegged India's GDP growth for ongoing 2019-20 fiscal at 7.0%, alongside a number of or key macro statistics and forecasts.
As mentioned above, Ecomic Survey was tabled, first in Rajya Sabha, and projects that GDP growth for ongoing fiscal will rise to 7.0% versus 6.8% in fiscal that just ended, meaning that India would remain fastest-growing major ecomy in world. It also termed macroecomic condition as 'stable' for same period, holding that structural reforms of last few years are continuing to enable growth.

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11:51 IST, August 2nd 2019