In the fouth tranche of economic package, Finance Minister Nirmala Sitharaman touched upon eight industrial sector and announced a series of reforms.
As promised back then, she made another intervention today (September 14), where the minister began by highlighting the positive developments in the economy and reporting about the implementation of various measures she had announced earlier.
A slew of measures further announced to give a boost to exports and housing sector.
Out of the 8 core industries, steel sector has been consistently showing growth except for month of July 2019 where a dip in growth has been noted.
The annual fixed investment rate as a percentage of GDP has been 28.2, 28.6 and 29.3 in years 2016-17, 2017-18 and 2018-19 respectively.
India has yet again reached another milestone as far FDI inflow is concerned.
A partial credit guarantee scheme for banks to buy assets of NBFCs has been implemented.
Economic Reforms provides a chance for India to become a hub for manufacturing and to play an increasingly important role in the global supply chain.
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