{"id":86362,"date":"2019-11-23T15:37:19","date_gmt":"2019-11-23T10:07:19","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=11848"},"modified":"2019-11-23T15:37:19","modified_gmt":"2019-11-23T10:07:19","slug":"gdp-slump-will-hit-5-tn-target-warns-niti-aayog","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/gdp-slump-will-hit-5-tn-target-warns-niti-aayog\/","title":{"rendered":"GDP slump will hit $5 tn target, warns NITI Aayog"},"content":{"rendered":"\n<p><strong>News:<\/strong>According to NITI Aayog,the road to a $5 trillion economy by 2025 is beset with many speed-breakers.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>NITI Aayog on $5 trillion economy by 2025:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Niti Aayog said that the nominal GDP growth which is a measure of growth without accounting for inflation has to be at least 12.4% on average if the target of $5 trillion economy by 2025 has to be reached.<\/li><li>However,the current rate was a mere 8% in the first quarter of the current financial year.<\/li><li>The domestic investment and consumption which are the only dependable drivers for revival of the economy has slowed down due to real estate sector.<\/li><li>The slowdown in the domestic market is also because of limited availability of capital with the banks which are tied down due to high non-performing assets in heavy industry and infrastructure.<\/li><li>In the power sector, there is a high cross-subsidisation in favour of residential tariff leading to very high industrial tariffs.The electric power transmission and distribution(T&amp;D) losses in India stand at 19%, higher than that of Bangladesh and Vietnam.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About NITI Aayog:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The NITI Aayog was formed via a resolution of the Union Cabinet on January 1,2015.<\/li><li>It is the premier policy \u2018Think Tank\u2019 of the Government of India providing both directional and policy inputs.It had replaced planning commission as the premier think tank.<\/li><li>The NITI Aayog has been mandated with fostering cooperative federalism through structured support initiatives and mechanisms with the States on a continuous basis recognizing that strong States make a strong nation.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:According to NITI Aayog,the road to a $5 trillion economy by 2025 is beset with many speed-breakers. Facts: NITI Aayog on $5 trillion economy by 2025: Niti Aayog said that the nominal GDP growth which is a measure of growth without accounting for inflation has to be at least 12.4% on average if the target&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/gdp-slump-will-hit-5-tn-target-warns-niti-aayog\/\">Continue reading <span class=\"screen-reader-text\">GDP slump will hit $5 tn target, warns NITI Aayog<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3943,222,1944],"class_list":["post-86362","post","type-post","status-publish","format-standard","hentry","category-economy","tag-5trillion-economy","tag-gdp-growth","tag-niti-aayog","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700802432,"cached_date":1704838571},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86362"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86362\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}