Looking forward to the big announcements in the budget first let's know the economy's ECG

Looking forward to the big announcements in the budget, first let's know the economy's ECG

The Central Government, through economic survey, holds the financial system in front of Parliament and the country during the current financial year. In this survey, the central government gives estimates of growth in the next financial year, along with releasing the estimate of economic growth based on the financial data of 9 months during the financial year. Therefore, the economic survey released before 2018-19, the annual budget, keeps the fresh sunlight of the economy in front of the nation, which the central government prepares its annual budget.

Before the Budget, the condition of the economy during the financial year 2017-18

1. Non-food credit growth on the basis of year-on-year basis in November 2017 has reached once again 4 per cent. There has been an increase of 43% in the credit flow to the corporate sector by bond market and non-banking methods.

2. Demand on the basis of motor cycle and auto sales is visible in the rural areas, although these improvements are not able to take these data to the earlier level of banquality.

3. Import and export in the manufacturing sector has improved in the second and third quarters of the current financial year. During the third quarter of the financial year, export growth stood at 13.6 per cent, while imports slid to 13.1 per cent. These figures are on the global trend and are clearly indicating that the effect of note-taking and GST is decreasing.

4. Especially after the coffin, there is now a stagnation in the cash-GDP ratio and there is a clear indication of balance. In support of this, in the international market from June 2017, the Indian currency is in a position before the rupee ban. This stability, which is returned to the rupee, is also indicative of the end of the ban on bondage.

5. According to the Central Government survey, due to climate change challenges, the next few years may be challenging for farmers and they may have to face the situation of losses in earnings. Climate Change can reduce the loss of farmers to 15 to 18 per cent on average, while in unregulated areas, farmers may have to face 20-25 per cent loss.

6. According to the survey data, the top 1 per cent companies in the country export 38 percent of the country. In other countries, this figure is worse than India. Top one percent companies in Brazil export 72 percent, Germany's 68 percent, 67 percent in Mexico and 55 percent in the United States.

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