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GDP Trends: 2012-13 to 2018-19
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1 GDP growth rose steadily from a trough of 5.4% in 2012-13 to a peak of over 8% in 2015-17
1.1 Unemployment rate declined from a peak of 9.8% in January 2016 to a trough of 3.7% in June 2017 (3 months after 2016-17 end)
2 GDP growth has decelerated in 2017-18 and 2018-19 to a low of 6.8% in last year.
2.2 Consequently the unemployment rate has risin to 7% in April-May 2019

Demand Drivers
3 Private Consumption (PFCE) growth has mirrored the rise in GDP, but has plateaued out instead of decelerating, though private consumption came in below trend in 2018-19. This is partially due to rise in automobile costs due to introduction of Bharat VI standards, regulatory change in auto Insurance & consequent rise in costs, and rise in fuel prices. The fall in relative price of agricultural prices also affected rural consumption. Elections may also have led to delay in purchases.
4 Fixed Investment (GFCF) growth has, in contrast, been on a clear uptrend from a low of 1.6% in 2013-14 to 10% in 2018-19
5 Export (G&S) Growth has followed a U shaped growth path: 6.8% in 2012-13 to -5.6% in 2015-16 and then back to 12.5% in 2018-19
6.1 Net Imports (Imports -Exports) which were declining through out the period have increased sharply in 2017-19
6.2 This seems to the primary driver of growth deceleration during 2017-19 (Oil prices).

Supply Side(sector growth)
7.1 Manufacturing has followed an inverted U curve with a peak of 13.1% in 2015-16, but is still 6.9% in 2018-19. Private Consumption demand slowdown likely affected demand for manufactures.
7.2 Construction has accelerated progressively from 0% in 2012-13 to 8.7% in 2018-19.
7.3 Electricity has followed a near inverted U shape, but remains at 7% in 2018-19.
7.4 Agricultural growth has been accelerating from around 2% in 2012-13 to 4% in 2018-19, Actuals in 2018-19 are however below trend at 3%. Agricultural price growth has however collapsed to below 2%, creating low returns for farmers with marketable surplus in cereals & sugar.

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தமிழ்நாட்டின் சிறந்த பயிற்றுனர்கள் ஒருங்கிணைந்து.
அனைத்து டிஎன்பிஎஸ்சி தேர்வுக்கான பயிற்சிகள் மிகக் குறைந்த விலையில் வழங்குகிறார்கள்.
இந்த சந்தர்ப்பத்தை பயன்படுத்திக் கொள்ளுமாறு கேட்டுக்கொள்கிறேன்.

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தமிழ்நாட்டின் சிறந்த பயிற்றுனர்கள் ஒருங்கிணைந்து.
அனைத்து டிஎன்பிஎஸ்சி தேர்வுக்கான பயிற்சிகள் மிகக் குறைந்த விலையில் வழங்குகிறார்கள்.
இந்த சந்தர்ப்பத்தை பயன்படுத்திக் கொள்ளுமாறு கேட்டுக்கொள்கிறேன்.

Unacademy TNPSC Plus class going to start from June 9.
Pre booking is starts from June 4th.
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GDP OF INDIA (UPDATED)
Dated : 31/05/2019
=======================
ORG FY 20 FY 21
=======================
RBI 7.2. 7.4
ADB 7.2 7.3
FITCH 6.8 7.1
WB 7.5 7.5
IMF 7.3 7.5
CSO. 7.0
Ind Ratings 7.3
UN. 7.1
OECD 7.5
FICCI 7.1

Government to continue credit linked capital subsidy scheme

Note4Students

Mains Paper 3: Indian Economy | Planning, mobilization of resources, growth, development and employment

From UPSC perspective, the following things are important:

Prelims level: Various initiatives for supporting MSME Sector

Mains level: Facilitating MSMEs in India

News

The Central government will continue the “Credit Linked Capital Subsidy and Technology Upgradation Scheme” for micro, small, and medium enterprises (MSMEs) beyond the 12th Plan period for three years from 2017-18 to 2019-20.

CCLS for Technology

The objective of the Scheme is to facilitate technology up-gradation in MSEs by providing an upfront capital subsidy of 15 per cent (on institutional finance of upto Rs 1 crore availed by them).

This is provided for induction of well-established and improved technology in the specified 51 sub-sectors/products approved.

The major objective is to upgrade their plant & machinery with state-of-the-art technology, with or without expansion.

The Scheme is a demand driven one without any upper limit on overall annual spending on the subsidy disbursal.

Nature of assistance

The revised scheme aims at facilitating technology up-gradation by providing 15% up front capital subsidy to MSEs, including tiny, khadi, village and coir industrial units, on institutional finance availed by them.
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தமிழ்நாட்டின் சிறந்த பயிற்றுனர்கள் ஒருங்கிணைந்து.
அனைத்து டிஎன்பிஎஸ்சி தேர்வுக்கான பயிற்சிகள் மிகக் குறைந்த விலையில் வழங்குகிறார்கள்.
இந்த சந்தர்ப்பத்தை பயன்படுத்திக் கொள்ளுமாறு கேட்டுக்கொள்கிறேன்.

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Group 4 Notification

▶️The RBI cut the repo rate by 25 basis points to 5.75%.
▶️The reverse repo rate and the bank rate have been adjusted at 5.50% and 6%.
▶️Inflation has been projected at 3-3.1% in the first half of 2019-20, and 3.4-3.7 % in the second half.

Reminds you once again.

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​​Why is the Ring of Fire called the Ring of Fire?
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The area encircling the Pacific Ocean is called the "Ring of Fire," because its edges mark a circle of high volcanic and seismic activity (earthquakes). Most of the active volcanoes on Earth are located on this circumference.
Seventy-five percent of Earth’s volcanoes—more than 450 volcanoes—are located along the Ring of Fire. Ninety percent of Earth’s earthquakes occur along its path, including the planet’s most violent and dramatic seismic events.
The abundance of volcanoes and earthquakes along the Ring of Fire is caused by the amount of movement of tectonic plates in the area. Along much of the Ring of Fire, plates overlap at convergent boundaries called subduction zones.