The smart cities mission program for 100 Indian cities is one of the largest programs undertaken by Government of India to address India’s rapid urbanisation leveraging ICT solutions.
If a report by brokerage firm Ambit Capital is anything to go by, the government's recapitalisation plan for public sector banks should drive credit growth by up to 700 basis points to 15 per cent, and as a result, GDP growth is expected to touch 7 per cent in FY2019.
Commerce and industry minister Suresh Prabhu on Sunday said the services industry had grown at the expense of manufacturing and agriculture and his government would look at increasing the share of manufacturing to 25 per cent in an expanded GDP.
Increase in disposable incomes, expansion of health insurance coverage, rising burden of lifestyle diseases, increasing life expectancy and a booming medical tourism sector continue to be the key factors driving the growth of the Indian healthcare sector.
Prime Minister Narendra Modi on Friday said the food sector that allows 100 per cent foreign investment was the priority in the government's ambitious "Make In India" programme. Launching a three-day global conference on the food industry here
The GST implementation was a "monumental reform" which had disruptionist impact on growth only for two quarters, Finance Minister Arun Jaitley said Sunday, hitting out at "critics and cynics" who blame it for hurting the GDP expansion.