KEY HIGHLIGHTS OF LATEST ECONOMIC SURVEY 2018-19-USEFUL FOR 'INDIAN ECONOMY' SECTION CLASS XII

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Press Information Bureau
Government of India
Ministry of Finance
04-July-2019 12:33 IST
State of the Economy in 2018-19 - A Macro View

GDP to grow at 7% in 2019-20 due to growth of investment & consumption Service exports enhanced to Rs. 14.389 lac cr in 2018-19 from Rs. 0.746 lac cr in 2000-01. India’s share in world service exports increased from 2% in 2005 to 3.5 % in 2017 India’s foreign exchange reserves comfortably placed at US $ 422.2 billion in June 2019. FDI inflows growing at a high rate since 2015-16 in services, automobiles and chemicals Credit to both, large and micro, small and medium enterprises has seen pickup in growth Growth in the industry accelerated during 2018-19 due to improved manufacturing and construction activity 

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