ranjan

The aspiration of $ 5 Trillion economy in India is achievable if all States and Sectors collectively make it their ambition and work with good governance on it. India is an economy of 29 states and vibrant Union Territories and it is important to gauge the potential of each one of them, has to come up with their own strategy to be a part of country's economy. Each state has its manufacturing and commerce strengths which it monopolizes. The growth at national level is an aggregation of growth at state level. As such, conscious efforts by State Governments to facilitate growth of industry and overall Socio-Economic Development in their regions will push India's growth upwards. On the other hand, states should ensure percolation of reform measures up to the Grass Root levels to ensure growth. Reasons for increase in Fiscal Deficit   - These are - 1) Increase in Subsidies - on a number of items such as Fertilizers, Food items, Exports etc.     causing fiscal imbalances.