Accelerating Growth 48-Months report card

Accelerating Growth 48-Months report card

nfographics shared by mygov as completion of 48 Months of Government.

Govt. of India's information sharing portal mygov share the various facts about Development in the previous 48 months. Here, we are sharing the infographics related to Accelerating Growth article.

India Transforms, the World Applauds:

• India is the world Number One in attracting Greenfield FDI.
• India ranked 9th on foreign direct investment (FDI) inflows in 2016-world Investment Rrport 2017.
• India ranked 3rd in the list of top prospective host economies for 2016-18 in the UNCTAD World investment Report (WIR).
• Moody's upgraded India sovereign credit rating from Baa3 to Baa2 for the first time in 14 years.

India Transforms, the World Applauds:

• India Climbed to the 39th rank WEF's Global Competitiveness Index.
• India's ranking in the Ease of Doing Business leapt 42 ranks.

India: A  Leading Mobile Manufacturing Hub:

• Mobile manufacturing units set up.
• Mobile handsets produced.
• Worth of mobile handsets produced.

Higher Trust in Government, Higher Tax Compliance:

• Number of ITRs filed .

Fuelling MSMEs, the Nation's Growth Engines:

• Of  the total loan accounts, 76% are of women and more than 50% belong to SCs, STs and OBCs.
• Collateral-free loans for 12 crors small entrepreneurs benefited under MUDRA.
• Corporate tax rate slashed to 25% for companies with annual turnover up to Rs.250 crore from Rs.50 crore.

Ease of Compliance Ensuring Labour Welfare:

• Shram Suvidha portal: Unique Labour identification number allocated, online registration of establishments.
• Employees don't undergo hassles to transfer EPFO accounts any more: Universal Account Number (UAN) boosts portability.
• The Payment of Wages (Amendment) Act 2017: Empowering workers.

Banking Reforms Fuelling the Next Wave of Growth:

• Historic Insolvency and Bankruptcy Code leading to significant results.
• Recapitalization of PSBs by infusion of Rs.2,11,000 cr to support credit growth and job creation.
• Approval for PSBs to amalgamate through an alternative mechanism to facilitate consolidation.

Bold Reforms, Stronger Institutions, Resurgent Economy:

• Opened commercial coal mining sector to private players.
• Disinvestment crossed target of Rs.72,500 Crore.
• Home-buyers' dreams & rights protected with Real Estate Regulation Act (RERA).
• Transparent resource allocation with 89 coal mines allocated.

GST Enhancing Ease of Doing Business and Ease of Living: 

• Small traders & consumers benefit with end of multiplicity of taxes.
• Reduction in cascading effect of taxes.
• Overall reduction in prices.
• Significant decrease in transport times with elimination of check-Posts.

India becomes the Global Growth Engine:

• GDP growth rate at Current Prices.
• Growth in India's share in World GDP.
• India's GDP.
• World GDP.

Strong Economic Fundamentals define India:

• India's forex reserves booming at 418.94 bn USD.
• FDI jumped 60.08 bn USD in 2016-17.

Strong Macro Economic Fundamentals define India:

• Economy growing at a robust rate, with 7.4% GDP growth forecast for FY 2018-19.
• Falling Overall Infiation.
• Food Infiation Down.

Source: MyGov


[ https://48months.mygov.in/info-graphics/?lan=en&filter_by=theme&theme=75 ]