Growth

Objectives

Steadily accelerate the gross domestic product (GDP) growth rate to achieve a target of about 8 per cent during 2018-23 (note that this target has been set to catalyse policy action and does not represent a forecast). This will raise the economy’s size in real terms from USD 2.7 trillion in 2017-18 to nearly USD 4 trillion by 2022-23. Besides having rapid growth, which reaches 9-10 per cent by 2022-23, it is also necessary to ensure that growth is inclusive, sustained, clean and formalized.

The investment rate should be raised from 29 per cent to 36 per cent of GDP which ....

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