There is good news in terms of the country's economy. The NITI Aayog has predicted the country's economic growth rate to reach the level before the Kovid-19 (Coronavirus) epidemic by the end of FY 2021-22 i.e. March 2022.
NITI Aayog Vice-Chairman Rajiv Kumar said on Sunday that this expectation for economic growth has been raised due to the possibility of the gross domestic product (GDP) contraction rate to be less than eight percent in the current financial year.
The Reserve Bank of India (RBI) has also predicted the economic growth rate to be minus 7.5 percent in the revised forecast for the current financial year (2020-21), as against the earlier forecast of minus 9.5 percent.
The Indian economy is recovering faster than anticipated in the September quarter. One of the reasons for this is the boom in manufacturing, which is helping GDP reach a low shrinkage level of 7.5 percent and creating expectations for better consumer demand ahead.
In response to a question about property monetization, Rajiv Kumar said, "It is an ongoing process and has gained a lot of appeal at a high level." He stressed, "We will continue to take this forward and ensure that the goal of asset monetization is achieved."
Explain that the government wants to raise Rs 2.10 lakh crore through disinvestment during the current financial year. It also includes Central Public Sector Companies (CPSEs), whose stake of Rs 1.20 lakh crore will be sold. Apart from this, 90 thousand crore rupees will be raised from the sale of government stakes in financial institutions.
Chemical-free farming programs will get a boost
NITI Aayog vice-chairman said about the Indian agriculture sector that NITI Aayog will now vigorously pursue programs related to chemical-free natural farming, which have the potential to dramatically reduce the cost of agricultural production and also have a natural impact on the environment. Huh.
He said, with the spread of natural farming across the country, the Indian agricultural sector will become more competitive and it will also promise to have a significant positive impact on the income of farmers.