INDIA CURRENT ECONOMY CONDITION
India remain fastest growing economy in 2019 - 2020 . India'GDP grows at 8.2percent in 2018-2019.
India unemployment rate
Acording to the IOL's world employment social outlook report, the unemployment rate in Indian
has been in the 3.4% to 3.6 % range over the UPA -government led 2009 -2014 and the NDA-government led 2014 -2019 period.
Indian Unemployment Rate droped to 2.55% in dec 2018 from the previously reported number of 2.56% in dec 2017 .
In the largest rreport , India's population reached 1,332.00 million people in mar 2019. The country's labour force participation rate dropped to 51.93 % in dec 2018
India Economic survey 2018: famrmer gain as agriculture mechanization speeds up but R&D needed . The Economic survey 2017-2018 , says that the sale of troctors to great extent reflects the level of mechanization. India tractor industries have emerged as the largest in the World and account for one third of total global tractor production , the survey adds .
This economic survey also noted that agriculture R&D is the main source of innovation ,which is needed to sustain agriculture productivity growth in the long trem.
This survey says that the actual expenditure department of agriculture research and Education/Indian council of agriculture research has increased from Rs5,393cr in 2010 -11 to Rs6800(BE) cr during 2017-2018
The compound aunual growth rate of expenditure has been 4.2 % over the year and in recent years' expenditure has been on higher side.
