Depression is declining, investment in the public and private sectors is falling, Learn Statistics

New delhi date. August 29, 2019, Thursday

The country's economic slowdown is slowing down. The Reserve Bank's figures are also saying that the slowdown has hit the country's economy. Worryingly, investment in the private sector, along with government investment, is declining.

According to the Center for Monitoring Indian Economy, public sector investment in the December quarter of 2018-19 was at the lowest level in 14 years and only Rs 50,604 crore was announced. In cases where the government wants to reduce the fiscal deficit, it is unlikely that the government will invest more in the near future. Because, the government's tax revenue has also fallen to 6.9 per cent of GDP. Tax revenues were 7.3 percent of GDP in 2010-11.

Investment in the private sector is also declining. According to the Reserve Bank data, the proportion of loans provided by banks to industries was 24% of GDP in 2010. Which is currently only 6.9 percent. Which means, even enterprises are not showing enthusiasm for new investment.

Manufacturing growth of the country is also not increasing. Manufacturing production growth has been between 2.8 percent and 4.8 percent for the last 9 years. In previous years, it saw a growth of 10%.

Although the finance minister has announced that 100 lakh crores will be invested in the next five years, he has not given any information on where this amount will come from. The government does not even have such funds.