Monday 14 July 2014

Sectors of economy,in which if work done can boost GDP

The economy of a country comprises of various sectors which contribute to the enrichment of gross domestic
product.Major sector of the economy is divided into three parts:

Primary 
Secondary
Tertiary

The majority of the population belongs to the agricultural sector and after establishment of so many reforms it is still struggling due to several reasons.The reason behind the failure of the reforms was the inefficient management.Reforms are being announced and organized by the central government but it is not reaching to the actual people who are in need of it.This mainly happens due presence of chaining for passage of information or monetary help from the central government to the state level authorities to the field level executives.

One of the promising sector where, a little fillip can help boost the economy and can give a raise to the GDP, is the infrastructure & housing and the real state sector.Many realtors big or small were expecting an attention from the government in the budget to be released in the year 2014.When the budget 2014 was released by the FM Arun Jaitley on 11 July,there was a sign of relief mainly to the real estate sectors in which
the Housing loan rebate was raised from Rs 1.5 lakh to Rs 2 lakh and several other tax reforms were mentioned in the budget in favour of the housing sector.

Now the expectations of everyone whether it is the real estate sectors or the government has increased.The public is also expecting from the big real estate empires such as Amrapali and Emaar mgf to offer flats at reduced prices which at nominal cost.


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