Fiscal deficit at 3.2% – Gross domestic product (GDP)
Govt likely to raise Rs 1 lakh crore through divestment in next fiscal.
India‘s government may look to raise as much as a record Rs 1 lakh crore ($15.7 billion) from the sale of state assets in the next fiscal year to help meet tough fiscal deficit limits while giving it room to boost spending and woo voters before general elections that must be called by early 2019.
India’s GDP to grow at 7-7.5% in 2018-19 as predicted.
Economy survey released in parliament by FM now.
India’s economy should grow between 7 percent and 7.5 percent in the upcoming fiscal year that begins on April 1.
It’s double doze for stock mkt & FPI & FDI point of view..so looks strong outlook for post budget too.
Govt about to give max relaxation to Farmers, Job workers & salaried people..basically budget max focus on common man..for this Govt targeting 1lakh Cr disinvestment to raise fund & compensate the fiscal target..
Pls check the details & focus on core sectors only..Textile,IT, Leather, Infra & Agriculture
This Budget will fulfill everyone’s aspirations: PM Modi.
Pls check just given speech by Prime Minister
“India is on a growth path. All credit rating agencies have improved ratings for India..The world is optimistic about India. Agencies like World Bank & IMF have been giving an optimistic opinion of the country..Upcoming budget will fulfill everyone’s aspirations,”-PM Modi
It gives clear indication on mega budget this year.
All news & Macro data are good for Indian economy & stock mkt this year..
You must read all details, you will get max ideas about the sectors where you can focus
The Economic Survey, which has been tabled in the Parliament today, identifies jobs, education and agriculture as the focus areas of the government in the medium term. It says a series of major reforms undertaken over the past year would allow real GDP growth to reach 6.75 per cent this fiscal and would rise to 7.0 to 7.5 percent in 2018-19.
Check economy survey & identifies the area as I had mentioned max in my msg….Agriculture, Education & Job creation to be on priority
GST & Direct tax collection both have increased significantly. So it’s giving max hopes as revenue point of view…..it’s positive indication for Govt & our economy
Economy survey means it’s a budget survey where Govt has to focus on priority..
That’s why I am saying. Pls don’t miss the Report. You go through in details if you want to make money in coming days.
Here is the key points of survey:
1. GST has given a new perceptive. The Survey also stated that fears of major producing states that the shift to the new system.
2. India’s formal sector, especially formal non-farm payroll, is substantially greater.
3. First time in India’s history, data on the international exports of states has been dwelt in the Economic Survey.
4. Indian firms account only for 38% of exports.
5. 16 % increased exports of readymade garments.
6. GST has increased the number till 3.4 million.-Economy Survey.
7. Textile, jewellery, leather & handi craft to be top priority & will give incentive or max relaxation along with Agriculture actor.