Economic development of

India
Economic
growth &
development
during
2017-2018
compared
with other
countries
Achievement made by Modi government
1)Make in India:-
a) Increase in Employment
due increase in production
b) Demonetization
c) Improvement in
Education field
2) Start up India:-
There is increase in
start ups plain due to
cooperation by BJP
government
 Goods and service tax (GST)
The GST was launched
at midnight on 1 July
2017 by the President of
India, Pranab
Mukherjee, and the
Prime Minister of India
Narendra Modi.
Goods and services are
divided into five tax
slabs for collection of
tax - 0%, 5%, 12%,18%
and 28%.
This give slow but good
economic impact to
India
 Challenges to Indian economy

• 1. DELIVERING A BUDGET THAT CONTAINS THE FISCAL

DEFICIT

• 2. RECAPITALISING STATE-RUN BANKS

• 3. UNEMPLOYMENT
Conclusion:-
As per the World Economic Outlook 2017 of the
International Monetary Fund (IMF), India remains
one of the fastest growing emerging markets in the
world. However, as per the economists, the increasing
overall prosperity is not reaching the disadvantaged
sections of the society. Hence, it is high time the
Modi Government must initiate pro-active measures
to achieve much faster, sustained and inclusive
economic growth.