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Sustainable Gig Economy Finance Towards GDP Growth of India Through “Aatmanirbhar Bharat”
Abstract
In recent years, India has become the world's fastest-growing major economy. Its development has been fuelled mostly by the services sector, which accounts for over 55% of GDP, as contrasting to the industrial sector, which has remained stable at roughly 16%. To facilitate ‘Aatmanirbhar Bharat', the government has brought in the product-linked incentive (PLI) scheme to encourage several sectors to increase their local manufacturing and supply chain base, among other things, to help India become self-reliant for high end products. These efforts will aid in the creation of jobs, the alleviation of stressed sectors, the assurance of liquidity, the boost of manufacturing, the energization of the real estate industry, and the assistance of farmers. The chapter aims to evaluate the Balance of Payment of India as structural growth country wise and sector wise growth of FDI in India as well as the ‘Aaatmanirbhar Bharat' status and stimulus packages, which have been announced for sustainable growth of GDP during this pandemic situation.
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