(a) whether the Gross Domestic Product rate has declined in the first three months of the current financial year due to slow-pace of development in the agriculture and construction sectors;
(b) if so, whether Government have analysed this trend; and
(c) if so, the steps being taken/proposed to be taken by the Government to check this trend?
MINISTER OF STATE IN THE MINISTRY OF PLANNING, MINISTER OF STATE IN THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION, MINISTER OF STATE OF THE DEPARTMENT OF ADMINISTRATIVE REFORMS AND PUBLIC GRIEVANCES IN THE MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS AND MINISTER OF STATE OF THE DEPARTMENT OF DISINVESTMENT (SHRI ARUN SHOURIE)
(a) & (b) Yes, Sir.
(c) The performance of the economy is closely monitored and appropriate measures taken in light of the emerging trends as and when necessary. Various economic reform measures undertaken by the Government are expected to have favourable impact on the economy, and to impart dynamism to overall economic system.