Indian Economy in 2018-19- A Macro view

  • 2019-20 GDP growth @ 7%, due to growth in investment which leads growth in production and further consumption.
  • Service export have increased to 14.389 lakh crore in 2018-19 from 0.746 lakh crore in 2000-01.
  • India’s share in world service exports increased from 2% in 2005 to 3.5% in 2017
  • India’s Foreign exchange reserve reached at $US 422.2 billion in June 2019.
  • Current Account Deficit increased from 1.9% GDP 2017-18 to 2.6% of GDP 2018-19.
  • The Trade deficit increased from $US 162.1 billion in 2017-18 to $US 184 billion 2018-19.
  • Net foreign Direct investment inflows increased by 14.2% in 2018-19.