23 November, 2019
Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
News: The road to a $5 trillion economy by 2025 is beset with many speedbreakers, the NITI Aayog has warned the government.
Prelims and Mains focus: about the recent economic slowdown and its implications on India’s roadmap for $5 trillion economy by 2025
Finance Minister Nirmala Sitharaman, in her July 5 Budget presentation, had said the government would work to make India a $5 trillion economy by 2025.
Reasons given by NITI Aayog
The government is expected to release data for the second quarter ( July to September) later this month. Experts estimate that growth will dip in Q2 compared to Q1.
Source: The Hindu
Copyright© Aspire IAS Academy. All rights reserved. Powered by CLT Technologies & Edu-Publishers Private Limited.