2020
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Detailed explanation-1: -India Ranks Third in Number of New Firms Created; 1, 24, 000 New Firms Created in 2018 Compared to 70, 000 In 2014.
Detailed explanation-2: -The Economic Survey 2018-19 was announced on July 4, 2019, by Ms Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Government of India. The Survey forecasts a growth rate of 7 per cent for FY20, as compared to the growth rate of 6.8 per cent in FY19.
Detailed explanation-3: -1.4 India’s growth of real GDP has been high with average growth of 7.5 per cent in the last 5 years (2014-15 onwards). The Indian economy grew at 6.8 per cent in 2018-19, thereby experiencing some moderation in growth when compared to the previous year.
Detailed explanation-4: -Private investment is poised to rebound in the fiscal year 2019 and employment, education and agriculture will remain the focus in the medium term, the India Economic Survey 2018 noted. The survey also said that exports will the biggest source of upside potential for the economy.
Detailed explanation-5: -“The private sector may be granted access to select databases for commercial use. Consistent with the notion of data as a public good, there is no reason to preclude commercial use of this data for profit, ” says the survey, though it recommends charging them for the use of this data.