GDP growth is fashionable term in economy to highlights the achievements of the nation.Globally disparities have widened to such an extend that those with static income or lower income is unable to cope with day to day needs whereas those in race of grace of system are loaded with surge in purse hike thus enjoy the fruits of economy of inflation. US, Britain, France German along with majority of the nations reel under the burden inflated growth for frugal percentage of people in the nation and rest crawl to survive. With technology taking roller coaster drive unemployment is on rise 7 millions per year and another 10 millions each years get prepared to seek employment and the present government which offered for than 10 millions employment finds its self in midst of sea unable to navigate to clear this growing disparities thus exodus of brains to foreign lands for better perspective is still in vogue as our currency gets depleted each year and those enhancing in its value find the professional safe heaven to undertake work. The Governance across the globe finds close to national treasury thus finds its institutional loquacious eloquence of sweet fantastic dreams for masses and windfall amenities, power,funds of immense value at their feet. We therefore find the positive and calculus mantras from those at helm of affairs without telling tale of government actions on people getting unemployment, underemployment those in line to seek employment.
NITI Aayog Vice Chairman Arvind Panagariya said today that India will regain the crown of the fastest growing major economy, overtaking China, as early as the first quarter of 2017-18.
Talking to news agency, Mr Panagariya said India, on an annual basis, is ahead of China and will regain the growth momentum soon on the back of host of reforms initiated by the Narendra Modi Modi government.
India lost the tag to China in the March quarter with the GDP growth slipping to 6.1 per cent. China recorded a growth rate of 6.9 per cent during the January-March quarter.
However, on an annual basis, India grew by 7.1 per cent in 2016-17.
Mr Panagariya further said that the growth will rebound in the current fiscal at a minimum of 7.5 per cent and accelerate further in the coming years. He said government has taken lots of reform measures and country will get to the 8 per cent growth trajectory in the next two years.
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