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Highlights of economic survey 2018-19

Done by economic affairs under the finance ministry under the guidance of Chief economic advisory K Subramanian 
  • Theme "Shifting gears towards a 5 Trillion economy by 2024"
  • Data "of people, by the people, for the people"
  • GDP Growth prediction: 6.8 %
  • 8% growth needed for 5 trillion economies by 2024.
  • Used the behavior economic theory of  Richard Thaler
  • Behavior changes needed:
    • Instead of using Beti Bachao to Beti Padhao, use BADLAV( Beti Aapki Dhan Laxmi and Vijay Laxmi)
    • Swachh Bharat to Sundar Bharat
    • About subsidy: Give it up to Think about subsidy.
  • Fiscal deficit, at present in 2018 3.4 % of GDP. 3 % of GDP by 2021.
    • Forex reserve. 429 b $.
    • Debt:521 bn $.
  • Top state of HDI and sustainable index performance: 
    • Kerala, Himachal Pradesh, Punjab.
    • In UT: Chandigarh, Puducherry.
  • India trading partner:
    • USA, China, Hong Kong, UAE, Saudi Arabia.
    • Max export to the USA
    • Max import from China
  • GDP growth sector-wise:
    • Service sector: 7.5 %( 34% employment)
    • Industry sector: 4.3%
    • Agriculture: 2.9% growth( 14% women labour)
      • 89% of groundwater uses agriculture.
  • Top startup states:
    • Maharashtra, Karnataka, Delhi
  • Education expenditure : 3 % GDP
  • Health expenditure: 1.5 % GDP
  • India ranks in:
    • Wind energy: 4th 
    • Solar: 5th
    • Renewable energy: 5th

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