Concept BIU -
AIMA

Economic downturn has ended, more growth in 2 qtrs: NITI

Publication - Daily Excelsior

Publish Date - 28 Sep 2017

Page view per user* - 0

View Link

Source - Bureau

Word count - 335

Website rank* - 0

Edition - Online Web

Reach per million* - 0

Language - English

Page view per million* - 0


  • View Text
  • (* Powered By Alexa)
    • Reach per million: Reach measures the number of users. Reach is typically expressed as the percentage of all Internet users who visit a given site,Alexa expresses reach as number of users per million. Alexa's one-week and three-month average reach are measures of daily reach, averaged over the specified time period
    • Page view per million: Page views per million indicates what fraction of all the page views by toolbar users go to a particular site, Multiple page views of the same page made by the same user on the same day are counted only once
    • Page view per user: The page views per user numbers are the average numbers of unique pages viewed per user per day by the users visiting the site
    • Website rank: The rank is calculated using a combination of the estimated average daily unique visitors to the site and the estimated number of pageviews on the site over the past three months

NITI Aayog vice chairman Rajiv Kumar today said the economic downturn which began in the last two years of UPA II regime has bottomed out and the growth will improve in the next two quarters.Kumar also admitted that there have been problems on account of demonetisation and Goods and Services Tax (GST) implementation but now people have adopted to the new tax regime.“…This downward cycle of economic growth began in the last two years of the UPA II Government and that downward cycle in my view has bottomed out.“We will be achieving higher growth in the next two quarters, and I think 2018-19 will be much better than the current year (in terms of economic growth),” he said at the AIMA diamond jubilee convention here.India’s economic growth has slipped to a three-year low of 5.7 per cent in the first quarter of the current fiscal.The Niti Aayog vice chairman also pointed out that in manufacturing and services PMI, the lowest point reached in July and therefrom it has started rising.Kumar noted that historically countries which have adopted GST have all seen some decline in the growth rate because the system struggles to come to new norm.“This formalisation of economy is going to take some cost,” he observed.Applauding Modi Government’s performance, Kumar said India has attracted foreign direct investment (FDI) worth USD 250 billion in the last three years.He also said Indian industry must serve national interest and not only interest of some segments of the society.Kumar also emphasised on the need of creating trust between Government and industry.Noting that Indian industry must embrace global cutting edge technology, the NITI Aayog vice chairman said one should think at global level and not just for domestic consumers.He also suggested that Niti Aayog work more with states.Earlier speaking at the same event, NITI Aayog CEO Amitabh Kant said India cannot grow without gender parity as currently only 24 per cent of GDP comes from women.Kant also said it is important to have consistency and predictability in government policies.